LenaH
Employee Tax Expert

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No, please enter your income into Box 2 when inputting your 1099-MISC.  On the next screen, choose Investment income from property as this income should be reported on a Schedule E. 

 

You stated that creating videos on YouTube is more like a hobby, rather than a business. It also is not your primary source of income. In general, royalty income reported in box 2 of the 1099-MISC is reported on Schedule E, unless you are "in the business" of performing a certain activity, and that it is a primary source of income.

 

This income will flow from your Schedule E to Schedule 1, Line 5. This income will not be subject to self-employment tax, as is the case with hobby income. 

 

@vidhi0007

 

[Edited 4/6/22 l 5:12AM PST]

 

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