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Get your taxes done using TurboTax
You can report the income as miscellaneous income as long as it is NOT for self-employment. If it is self-employment, it goes on Schedule C which is business income and is taxed differently. If you did work to earn money, it is self-employment. For the schedule C, you can use your name and home address for the 'business'. When you earn income but are not an employee, you are considered to own your own business.
However, if it was not self-employment income, it does not belong on Schedule C and should be reported as miscellaneous income - taxed as ordinary income. Examples are lawsuit settlements, prizes, awards, research studies, rebates, or other miscellaneous income you received without any intent to earn income. I need to enter a 1099 - Am I Self-Employed?
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