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1099-MISC - Received a Patent Reward
Hi,
I work for a large aerospace corporation who gives cash rewards for filing patents with the company (not to be confused with royalties from the patent...). I received a 1099-MISC for this "other income" and it is over $600. However, when I'm inputting this into my Turbo Tax, it keeps forcing me to fill out a Schedule C form and treats the income like it is my own personal business. Can anyone assist me with this? Am I suppose to fill out a Schedule C form? Thank you!
‎June 20, 2020
6:00 PM