kirkavery
Level 3
03-14-2021
09:45 AM
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Thanks for the prompt response to my question. IRS Topic No 416, Farming and Fishing Income, clearly states fishing income is to be reported on Sch C and farming income goes on Sch F.
What I am not clear on is whether the seafood Trade Relief Program income reported on Form 1099-G is subject to self employment tax. Is there any guidance on that issue?