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Get your taxes done using TurboTax
Yes.
Since he was issued a Form 1099-MISC and the amount exceeded $400, he does need to file a return.
Gross income amount for dependents
The way you report the 1099-MISC will depend upon whether he earned the income as part of a business or not.
If you are reporting this income as self-employment income (meaning you are running a business with the intent to make a profit), you will do the following in the Federal interview section:
- Select Income & Expenses
- Select Self-employment income and expenses
- Proceed through the screens to enter your information
- When you see the following for income, make sure to select "Other self-employed income. Includes 1099-K, cash, and checks."
If it is not from self-employment, you would enter the information as follows:
- Select Income & Expenses
- Go to the All Income section and select "Less Common Income"
- Select "Miscellaneous Income"
You will then select "Other reportable income" to enter your income from your 1099-Misc.
Be sure to indicate that he can be claimed as a dependent by someone else.
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March 23, 2020
11:55 AM