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We've gotten three 1099-misc forms (so far) that reports our prize money in box 7 of the form as "non-employee compensation" that box is for independent contractors, vendors etc. If you read the back of the form prize money is supposed to be reported in box 3 as "other income". If you don't call the issuer of the form and get a corrected one, it could trigger the IRS investigating why FICA etc wasn't paid on the amount. Also I'm not positive but I don't think a 1099 is required on winnings under a certain amount.