Should an independent contractor include unemployment payments received in 2020 (1099G-PUA pymts.) as "business income", like with a 1099MISC/NEC,

[Bsch4477 · Accepted solution]

No. Unemployment income is not reported on Sch C. Report it separately as 1099-G. 

[tdtrenton]

Many Thanks - and to confirm, even if payments were received under the independent contractor/pandemic benefits package it is still considered "personal" income vs. "business" income?

[Bsch4477]

Correct. Which is good news since if you reported it as business income you would have to pay self employment tax on it. 

[tdtrenton]

Many thanks!