@neef wrote:
I don't know what the difference is between "earned" and "unearned"? I just know he received 1099s
He is 19
Unearned income is income from interest, dividends or capital gains from investment sales. Earned income is from wages received from an employer reported on a W-2 or income earned from self-employment reported on a 1099-NEC, 1099-K or cash.
If he has income reported on Form 1099-INT, 1099-DIV or 1099-B that income would be unearned income.
