They calculate the value of the items based off of the "fair market value", which I don't totally understand, but I get that this is how the amount is estimated.įrom the Amazon Vine Help page, "You will receive your 1099 form by January 31st only if: you received over $600 in payments OR if there were any taxes deducted / withheld from you." But I understand that even if I received less than $600 worth of items, I still need to report that "income" to the IRS. However, while they are "free" items, you still need to pay the taxes of those items. The requested item is sent to you and you then review the item. As you may already know, Amazon Vine is a program where you are given a list of items that you can request for. I am self-employed and work remotely, but this year I was invited to take part in the Amazon Vine program. Is there a "benefit" to counting something as Hobby or misc/other income vs business income? Or are these simply different categories to list different sources of income?įrom what I understand, any income that you make needs to be reported to the IRS and you need to pay taxes on it regardless.
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