Tax Time Blues
Wednesday, April 9th, 2014 04:16 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
So, according to IRS Pub. 525, it seems that the prizes from the ISFiC Writers Contest go on the 1040 as "other income", and not as business income from writing. This is rather discouraging; I was looking forward to having actual income on my writing Schedule C, not just expenses!
Ah, well. Next year, eh?
Ah, well. Next year, eh?