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URL:  http://boards.fool.com/but-if-you-are-simply-receiving-income-for-your-12232772.aspx

Subject:  Re: non-compete income Date:  3/19/2000  8:55 AM
Author:  hghcpa Number:  32109 of 121061

But if you are simply receiving income for your agreement not to compete, it's generally simply ordinary income and should be included in your W-2.
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If you are not an employee then there is no reporting requirement for the payor - IE it is not a capital transaction reported on 1099-b nor is it a "service rendered" reported on 1099-misc.

Although some payors do report it as "other income" IMO it is not required.

Pete



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