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Level 2
October 17, 2022
Solved

1099 nec

  • October 17, 2022
  • 1 reply
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Hi I’m a dependent 19 years old sold tickets on StubHub think sold and got around $900 was wondering how I would do 1099 nec would it affect my parent income since they have heath insurance don’t want to put social security to accept the money if affect them?

Best answer by TomD8

StubHub will issue you a 1099-K at year's end, not a 1099-NEC.  

https://support.stubhub.com/en/support/solutions/articles/61000276811-overview-of-1099-k-regulation

 

You must file your own tax return.  Your tax return will not have any effect on your parents' income, nor on your eligibility to be on their health insurance.  

 

On your return, be sure to indicate that you can be claimed as a dependent by someone else.

 

1 reply

Level 15
October 17, 2022
TomD8Alumni - ChampAnswer
Alumni - Champ
October 17, 2022

StubHub will issue you a 1099-K at year's end, not a 1099-NEC.  

https://support.stubhub.com/en/support/solutions/articles/61000276811-overview-of-1099-k-regulation

 

You must file your own tax return.  Your tax return will not have any effect on your parents' income, nor on your eligibility to be on their health insurance.  

 

On your return, be sure to indicate that you can be claimed as a dependent by someone else.

 

**Answers are correct to the best of my ability but do not constitute tax or legal advice.
Bc321Author
Level 2
October 17, 2022

So my parent can still claim me as a dependent?