1099-Misc Americorps award?

How would I classify my $1000 award from my 1099-Misc?  I received it from Americorps as payment (made directly to my school) for work I did with JumpStart.  

This is the question I'm stuck on!

How would you describe the reason you got this Form 1099-MISC?

I am self-employed; this is income for my business.

This is income for my farm.

This is money from occasional freelance, consulting or work I did as an independent contractor.

This is money from a side job I did. Explain This

This was commissions, bonuses, prizes, awards, etc. and This Payer was not my employer.

None of the above - show me more options.

Any help is much appreciated!



2 people found this helpful

You do indeed get taxed on it as other income.  Fair market value is the amount shown in Box 3 of the 1099-Misc
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