It is unearned income.Unearned income can be thought of as "passive" income that doesn't involve active work or a business activity, such as:Interest, dividend, or investment incomeRetirement or Social Security incomeAlimony or child supportUnemployment or worker's compGifts, prizes, awards, or winningsInheritancesIncome received while incarcerated, even if it involves active work

Question

Is the income under "Box 3 Other income" on 1099-MISC considered a earned income or unearned income? I received this as an award money.

Forum|Forum|7 years ago
June 6, 2019
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T

TomK2023

It is unearned income.

Unearned income can be thought of as "passive" income that doesn't involve active work or a business activity, such as:

Interest, dividend, or investment income
Retirement or Social Security income
Alimony or child support
Unemployment or worker's comp
Gifts, prizes, awards, or winnings
Inheritances
Income received while incarcerated, even if it involves active work

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R

Rolanda

if 1099 Misc is unearned income is this counted as reported inco e as award settlement.

DaveF1006

To clarify, what was your 1099 MISC issued for?

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R

rb14

my child received 1099-MISC with "Box 3 Other Income" for a research internship as education stipend. does it qualify as earned income or unearned income?

S

ShirlynW

It depends. What will determine if it's earned income or not is whether it was paid for research and whether or not it was required to be used for specific education expenses? If it wasn't required to be used for anything specific, and was for work performed it is earned income.

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