135890
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Does an employer need to send a 1099 if the total is less than $400? If no - do I need to claim it?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
Hal_Al
Level 15

Does an employer need to send a 1099 if the total is less than $400? If no - do I need to claim it?

No. $600 is the threshold for a business to have to issue a 1099-misc.

Yes. You must report all income. Since the amount is less than $400, it will not be subject to self employment ( FICA ) tax.

View solution in original post

1 Reply
Hal_Al
Level 15

Does an employer need to send a 1099 if the total is less than $400? If no - do I need to claim it?

No. $600 is the threshold for a business to have to issue a 1099-misc.

Yes. You must report all income. Since the amount is less than $400, it will not be subject to self employment ( FICA ) tax.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question