Hello,
I wanted to know if a production company pays you for the noise and inconvenience of filming in your neighborhood are you responsible to pay tax on amount they give you? The company is issuing a 1099 for the amount that they have paid.
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Hello,
I wanted to know if a production company pays you for the noise and inconvenience of filming in your neighborhood are you responsible to pay tax on amount they give you? The company is issuing a 1099 for the amount that they have paid.
Income is income....if they're issuing a 1099, it's taxable.
What Odinn7 says is correct; it IS taxable income.
If Box #3 (Other income) is used, report it ion Line #21 of Form 1040.
Yes it is taxable.
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