Related question about 1099 MISC, Box 7...
except the income is NOT derived from employment at all. I received money in 2008 from the developer of my condo complex for 'referring' a new buyer (my friend) to the community. He bought and settled, so I received the money. That's the only income in Box 7. How do I report that? I'm in an endless 'do loop', since I do not consider myself 'self employed' as defined by the IRS and therefore do not have any of the entries related to Form C.
1040 Instructions tell me to go to the 1099 MISC form for direction - which leads me back to the IRS rules. And back again.
I've read the rules the developer is following in completing the 1099 MISC, and it seems like they could have put the income in Box 3 just as much as they could justify it for Box 7.
Any help would be appreciated!! Thanks!