miscellaneous income

Popular Terms
Income that must be reported to the IRS if the individual or corporation is of American origin, even if the income itself is from a foreign source, unless it is specifically exempt in the U.S. This income may be gained in property, money or other assets from royalties, rents, prizes, dividends, interest, or any other income otherwise unreported to the IRS. This type of income uses IRS Form 1099-MISC.

Use 'miscellaneous income' in a Sentence

I did not like having miscellaneous income because it meant that I would have to report it and I didn't want to do that.
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Sam was paid fifty dollars in cash for his help filing papers at my office, so he reported it as miscellaneous income on his taxes.
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The overall revenue of our company is a function of both operating and miscellaneous income though the latter is de minimis in relation to the total.
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