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dls73154
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how to report money awarded from a company for a suggestion

There was a flyer with the product I had purchased online that asked for suggestions and if the suggestion was excepted they would pay $1000.00. I submitted a suggestion for a product line and my suggestion was excepted. They paid me $1000.00 via Paypal and also reimburse me via palpal when I purchased the new product from Amazon. How do I report the $1000.00 on my taxes?

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how to report money awarded from a company for a suggestion

Report as other income. 

Federal Taxes -> Wages & Income -> I'll choose what I work on -> scroll to the bottom and under Less Common Income select Start (or Update) for Miscellaneous Income.... You'll find all sorts of other income categories in there. If none of those shown fit the bill then pick Other reportable income and you can enter your own description(s) and amount(s).

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