If this was one-time income (unlikely to happen every year), you can report this as "Other Income" that isn't subject to self-employment tax. If so, you wouldn't need Schedule C.
To change how you report this income, first delete the business set up under Self-Employment (use the trashcan icon or Delete). Then return to the topic "Income from Form 1099-MISC" and change your answers as follows:
- After reviewing the info shown on the 1099-MISC, continue until you see the question about this being connected to your main job, and say "no."
- Check only the box for 2024 income.
- Then answer that this was not an "intent to make a profit."
Those three answers should classify this as "Other Income", which will appear on Line 8 on Form 1040.
If, however, you expect to receive this income on a regular basis, complete Schedule C with the following information:
1) Business Code: 999000 is the default if you can't find a better choice.
2) Use your home address.
3) Cash basis is the most common for self-employed individuals.
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