Where do I report the 1099-MISC, Box 3 amount?
Generally, this amount is reported as Other Income on Schedule 1.
If it's income from a trade or business, do not enter it as other income. Instead it's reported on Schedule C, Schedule F, or Form 4835. You can choose where you'd like to report it on the screen after entering your 1099-MISC.
The amount shown in Box 3 may include prizes, awards, taxable damages, Indian gaming profits, payments received as the beneficiary of a deceased employee, or various other taxable income.
If it's income from a trade or business, do not enter it as other income. Instead it's reported on Schedule C, Schedule F, or Form 4835. You can choose where you'd like to report it on the screen after entering your 1099-MISC.
The amount shown in Box 3 may include prizes, awards, taxable damages, Indian gaming profits, payments received as the beneficiary of a deceased employee, or various other taxable income.
