Are you using Schedule C or C-EZ for your 1099 income?

I have only been sent one 1099 form this year and it was from Shutterstock.  From what I've read on the IRS site, it says companies have to report $10.00 or more of royalties paid.  It also states a company must report miscellaneous income paid out if its greater than $600.

My earnings are very small:

$100 from DT
$108 from Shutterstock
$100 from Istock

I'm going to assume DT and Istock didn't send me a 1099 because they consider the money paid to me as Misc income and not Royalties.

Here are my questions:

1. Did I make the right assumption about not receiving 1099 from DT and Istock?

2. Should I report the income on a Small Business Form ie: C-EZ?

3.  I read something about if the money if from a "hobby" or something done inconsistantly, I don't have to report this on a Small Bussiness type form.  Instead I an put it on 1040 Line 21 Other income.  I feel like I do this consistantly, but its definitely a hobby for me as I already have a Full Time job.  At what dollar figure would people consider this no longer a hobby?  I was thinking income greater than $5000/year.  Agree or disagree?

I am not a tax consultant but here is my understanding. If you make less than $600 from a company, they do not need to send a 1099 and you do not need to report. IS did not send a 1099 because they are a Canadian company (I think this is the reason). I got a 1099 from DT, but I made over $600. I don't think you need to report any of it on any tax form.

I'm not a tax expert, either. But, I'm sorry to say, Cathleen, you're very wrong about not having to report the income.

According to US tax code, you need to report ANY income, whether it is earned as a salary, as a contractor, as interest, dividends, as captial gains, or even as contest prize winnings.

It doesn't matter if you earned $10 or $10,000, it needs to be reported.

ETA: As to the OP's question, there isn't any dollar boundary where hobby income becomes Sch C income. It's possible to earn many $1000s as hobby income, and it's possible to report a loss on Sch C. It isn't as much about the dollar amount as it is about other factors (how much time you put in, whether you have other income, # of years of profit, etc.). You can google "hobby schedule C" to read plenty of articles on the subject (none of which can give a definitive answer).

Personally, I reported all my stock photo income as hobby income for the first 2 years, then switched to Schedule C last year once I started to work on it pretty much full time.