If you are required to file a tax return (check this chart), then you are required to report ALL of your income, even interest of $1. The $600 reporting refers to issuing 1099-MISCs. If anyone pays you more than $600, they have to issue you a 1099. Same if you pay someone over $600 in the course of your business, you would issue them a 1099.
There is no social security and medicare tax paid on ''Other Income''. Only wages and salaries and self-employment pay FICA (social security and medicare). @ctxcharlie
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
