Would a prize be considered self employment income? I understand what you are saying. Do you think the IRS would consider it self employment income and have me file or explain the 600 dollars? I know you say it could happen but should it?
It's been awhile since I've filed. I've been disabled for almost a decade since a bad deployment to Iraq.
I now have more questions. If I do choose to file, which I assume I just claim the 600 dollars and not my veterans disability payments? Also I have 2 young children and my spouse does not work. So would I end up with a refund?
I prefer not to file. I would prefer not to get a refund. I know this sounds weird and probably unheard of turning down money. But if I were to get a refund I wouldn't want it. I am a minimalist and do not like taking more than I need. I am thankful for my veterans disability and it is plenty for me to support my family.
I would rather not file if I don't have to in order for that time and money to be spent elsewhere, where it is needed. Of course I will file if that is what's required.
