defiance_17
CAGiversary!
- Feedback
- 55 (100%)
[quote name='n8rockerasu']Well, I filed my taxes this morning...without any help from Trainn. Their email never came, so I decided to at least include a best guess at my winnings under the "hobbies" category in the "extra income" section. The only problem is, you can't label what that "hobby" is, so I'm worried that if the IRS sees the W9 form I sent Trainn, they're going to be wondering where the hell that 1099 is. I claimed the money, I just didn't claim it in the right spot...but that's Trainn's fault, and I hope the IRS agrees.
In the meantime, I have an MCR for freecreditreport that I'm waiting on...HA! Part of me wonders if i've pissed Trainn off too bad to even be able to use the site anymore. Looks like I might be going over to megafreebies.[/QUOTE]
You'd likely have a hard time convincing the IRS that it's hobby income, and you really should be claiming it on Schedule C and paying self-employment tax. However, if you're not just slapping it on line 21 (Other Income) every year, I'd be really surprised to see anything further happen (assuming you claimed the same amount Trainn reported to the IRS). I wouldn't lose any sleep over it--even if you get "caught," pointing a finger and crying ignorance should at least get you out of interest and penalties.
In the meantime, I have an MCR for freecreditreport that I'm waiting on...HA! Part of me wonders if i've pissed Trainn off too bad to even be able to use the site anymore. Looks like I might be going over to megafreebies.[/QUOTE]
You'd likely have a hard time convincing the IRS that it's hobby income, and you really should be claiming it on Schedule C and paying self-employment tax. However, if you're not just slapping it on line 21 (Other Income) every year, I'd be really surprised to see anything further happen (assuming you claimed the same amount Trainn reported to the IRS). I wouldn't lose any sleep over it--even if you get "caught," pointing a finger and crying ignorance should at least get you out of interest and penalties.