How do I report a Form 1099-MISC with an amount in box 3?
The amount shown on Form 1099-MISC, box 3, is usually from 1 of these:
Certain benefits of a deceased employee
Indian gaming profits
Other taxable income
You'll usually report this income on Form 1040, line 21, as "Other Income." However, you might have earned this income as part of your trade or business. If so, you'll report this amount on Schedule C.
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This advice is for general information purposes only and may not apply to you. Every tax situation is different. This is not intended to be legal advice. Taxpayers should consult an H&R Block Tax Professional regarding their individual tax situation.