I asked a question before and got an answer but I'm still a bit confused about my situation. I receive veterans disability as my only income. I know that I'm not required to file taxes on this.
Just recently I won a 600 dollar prize. I was told it will be reported on 1099 misc box 3. Since its a prize, I'm pretty sure it is not subject to self employment tax. ?? So do I need to file taxes on this since it is less than the standard deduction??. The last answer I got confused me because it said I might want to because the IRS could think it's subject to tax and ask me. Or have me file. I will file if that is what's required. But am I required to and if I don't will the IRS bother me about this? From what I've researched I am not required to file. Please someone with more knowledge than I , confirm this
