DavidS127
Expert Alumni

Get your taxes done using TurboTax

It depends on why you were paid the money.

 

If the payment was for work you did for someone, it is 1099-MISC box 7 nonemployee compensation which is reported as self-employment income on Schedule C.

 

If the payment was for something else, like a prize or award, jury duty, taxable lawsuit settlement, dealership incentives, etc. it is 1099-MISC box 3 Other Income.  Enter box 3 amounts at the Federal>>Income>>Other Common Income>>Form 1099-MISC.

 

@ccchfields

 

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