lizvogel: What is this work of which you speak? (Cat on briefcase.) (Work)
lizvogel ([personal profile] lizvogel) wrote2014-04-09 04:16 pm
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Tax Time Blues

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?