Thanks very much for the detailed explanation. It makes a lot of sense. It definitely was an incentive for me to accept the position, but I don't think it was from my new employer though. Also Box 7 "state income" is left blank. Does this mean I shall still treat it as 100% NY source income or is it just a federal income?
Now it looks like I need to create a Schedule C "new business" to report this payment as a "business income" (since none of the other scenarios applies and it's considered self employment income)?
