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The key points of the text are: 1. If you received a 1099-MISC that is not self-employment income, ask for a reissued form with the amount in box three instead of box seven. 2. Box seven income (non-employee compensation) should be reported on Schedule C and subject to self-employment taxes. 3. Occasional income not intended for profit is not considered self-employment income. 4. Unearned income like prizes, awards, and legal damages are not self-employment income. 5. Non-self-employment income should be reported on line eight of Schedule one as other income subject to regular tax only and not self-employment tax.
