1099-MISC, Independent Contractors, and Self-employed
Question: My child has joined Americorps and has received an income statement. Are these payments taxable? |
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Answer: If you receive an award is listed on a Form 1099-Misc, box-3 other income for $4725.00 with no withholding, than this is reported on line for Other Income on the Form 1040.
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Page Last Reviewed or Updated: November 26, 2008