I find no specific directions, but that is my understanding of the IRS Instructions for Forms 1099-MISC and 1099-NEC. Other income is on page 5.
The income of $600 is the determining factor.
For instance, you bought product A for resale and paid $590. If you sold product A for $595 and had no other transactions during the year, the 1099-MISC would not be required.
If you sold product A for $601 and had no other transactions during the year, the 1099-MISC would be required.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
