Client was a volunteer for AmeriCorps Vista last year. She received a 1099-MISC. I know the income is taxable, but is it subject to SE tax?
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This blurb from IRS assumes the award is reported in Box 3 of the 1099, which would imply that it is not subject to SE tax and reportable on Line 21 of the 1040. But it doesn't say that specifically.
"The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith
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