Yet another Self-Employment Scenario....
Four years ago I wrote a piece of gaming software intended for the private use of my friends and I. After growing bored with it I mothballed it. Last year a company approached me and offered to purchase the software. I sold it for $4000. They issued me a 1099-Misc with box 7 (Non-employee compensation) filled in. I am not maintaining the software or assisting the company with operating it. Does the IRS consider this $4000 subject to Self-Employment Tax? If not should I request that the company re-issue the 1099 with box 3 (Other Income) filled in? Thanks