A taxpayer receives a $1,500 prize (not gambling or lottery) and also works as a contractor receiving $65,000 during the year working contract on construction jobs. What types and amount of Form(s) 1099 will they receive?
a. All $66,500 on Form 1099-NEC
b. $1,500 on Form 1099-NEC and $65,000 on Form 1099-MISC
c. $1,500 on Form 1099-MISC and $65,000 on Form 1099-NEC
d. All $66,500 in Form 1099-MISC