I received a 1099-MISC from Youtube for a $275. It's reported under box 2 as Royalties. I'm no tax expert but Turbo Tax is tossing me in this Schedule C form and I have no idea what to do. I am not a business.
It's asking about:
Qualified trade or business under section 199A.
Accounting methods (Cash, Accrual, Other).
Business address street.
G Did you "materially participate" in the operation of the business during 2021
I Did you make any payments in 2021 that would require you file file Form 1099
Is this all necessary for a few videos that generated $275 of income? I understand I have to pay taxes but why are they considering this a business?
