Question

How to enter 1099-Misc Box 7 Income when it is from "Sporatic Activity"

Forum|Forum|5 years ago
July 12, 2020
1 reply
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I have a single, low value 1099-MISC, from a business to myself, with the reported value in box 7. The funds are from genuinely sporadic and " outside of my mainline skills" work, so how do I best report it under other income? Particularly, what type of description is the IRS looking for in this case for "List type and amount"?

Not A Product Question

CatinaT1

You are a business in the IRS eyes.

You do not have to carry on regular full-time business activities to be considered self-employed. You will notice the amount you were paid probably appears in box 7 of your 1099-MISC. This is non-employee compensation. You were contracted to do a job, not employed to do a job. You will need to file a Schedule C for Business Income and Expenses and pay Self-Employment tax on this income.

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