Why is my volunteer fire department length of service award being displayed as a business income, when inserting in Turbo Tax from the1099 Misc form??

[DeniseF1 · Accepted solution]

The company who issued the award to you reported it as income to the IRS on form 1099-MISC.  

The form 1099-MISC is an information return used to help businesses/individuals accurately report their income on their tax returns and provides a mechanism for the IRS to ensure that the income was properly reported.  

Payments, in the course of your trade or business are issues on Form 1099-MISC.  Examples include:

• Prizes and awards and certain other payments (see Instructions for Form 1099-MISC, Box 3. Other Income, for more information)