You'll need to sign in or create an account to connect with an expert.
You need to report the 1099-NEC as self-employment income. It was an award for performance, which is compensation. It wasn't a random prize; it was income in the form of a trip. If it wasn't earned income, it would have been reported on a Form 1099-MISC. For information on how to report, see: How to File Taxes with IRS Form 1099-NEC
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
powelltyler95
New Member
courtneyskeen2
New Member
q1williams
New Member
psberg0306
Level 2
yenmde8
New Member