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posted May 31, 2019 11:43:53 PM

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

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1 Best answer
Level 15
May 31, 2019 11:43:55 PM

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.

1 Replies
Level 15
May 31, 2019 11:43:55 PM

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.