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Level 1
June 1, 2019
Question

I win a trip that I have a 1099-misc. Is that considered selfemployment or winnings to file for?

  • June 1, 2019
  • 1 reply
  • 23 views
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1 reply

Level 11
June 1, 2019

No it is not self employment income.  It is Miscellaneous Income.  A few differences is that with Self Employment Income, you usually have to file a Schedule C and can deduct expenses.  In addition, you may have to pay self employment tax on it.  Winnings are just added to your other income.

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