Work done by an independent contractor is considered to be Self-Employment. Please see the following definition from the IRS.
Who is Self-Employed?
Generally, you are self-employed if any of the following apply to you.
Your 1099-MISC should be reported on Schedule C since you 'earned' the income. Social Security and Medicare taxes should be paid on net earnings. Reporting it as ''Other Income'' will not do this and will likely cause inquiry. The IRS has received a copy of the 1099-MISC, and since the income is reported in Box 7, they will expect it to be reported on Schedule C. Where do I enter Schedule C - Use this link to enter self-employment income and expenses..
