I am working on a 2020 tax return for a doctor who files as a sole proprietor. (He has just recently finished giving me all of the 2020 info I need to finish his return. Worse procrastinator ever!)
Anyways, in April 2020 he received an HHS Stimulus payment. My understanding is that this payment is taxable income, but does he have to pay self-employment tax on this money? Or should I just list it as Other Income on the tax return?
Thanks!