Hello,
My wife is a student and takes notes for students with disabilities and receives payment for this service. She is registered for the same class as the students and gives them her notes daily or weekly. She received a 1099-MISC this year for the money she received for this service.
My question is, how do we declare this income on our tax return? is she an employee or an independent contractor? Is this sched C income? and is so, do we then need to pay social sec and medicare taxes on this income.
Thanks!