Question

I have a question about 1099-MISC Box 3 — How do I report a Form 1099-MISC with an amount in Box 3?

Answer

The amount shown on Form 1099-MISC Box 3 is usually from one of these:

  • Prizes
  • Awards
  • Taxable damages
  • Certain benefits of a deceased employee
  • Medical research participation payments
  • Legal damages
  • Indian gaming profits
  • Other taxable income

You’ll usually report this income on Form 1040, Line 21, as Other income. This is taxable income not subject to self-employment tax. When the income reported on Form 1099-MISC Box 3 is from your trade or business, report it with your business income.

Related Topics

Related Resources

Amount Realized -Form 1099-B

Learn more about investment amounts realized on IRS Form 1099-B and get tax answers at H&R Block.

If I’ve already filed my return for this year, can I amend my tax return to add dependents to my 1040-X? Can I also add

Can you amend your tax return to add dependents if you already filled your return? Get tax answers from H&R Block.

I have a question about filing taxes and our installment agreement. We have an existing IRS installment agreement. We ca

Learn more about IRS installment agreements with advice from the tax experts at H&R Block.

What is Form 1040ez

Learn more about the tax form 1040ez what the requirements are for filing this form from the tax experts at H&R Block.