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New Member
posted May 31, 2019 9:54:26 PM

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

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Level 9
May 31, 2019 9:54:28 PM

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.