miscellaneous income
Definition
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.
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