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Get your taxes done using TurboTax
It depends. In this case it's 'miscellaneous hobby income'. However, miscellaneous income can be many different types of income. Here are a few examples:
- Lawsuit settlements
- Winnings or Rebates
- Hobby
- Prizes and awards
Also, miscellaneous income is commonly referred to self-employment due to the reporting form that was used before Form 1099-NEC (nonemployee compensation).
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March 8, 2021
5:34 AM