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Retirement tax questions
I'm in a similar situation as rainyblu16, though I did receive a 1099-MISC with $100.35 in Box 2, labeling it royalties. However, no matter how much I read about the subject, I can't figure out if I'm supposed to treat this amount as royalties and complete a Schedule E, or if I should be reporting this as hobby income, since I certainly wouldn't be able to say that I treat streaming as anything other than a hobby. I've been struggling with this question for several weeks, wondering if this is just a highly specific situation or if there are others in the same boat...
March 9, 2022
10:19 AM