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College Student's 1099-NEC earnings showing as unearned income
My full time college student worked as a construction laborer last summer. His $5390 in earnings were reported on a 1099-NEC form. I understand he will have to pay self-employment taxes since no taxes were taken out of his income. However, TurboTax keeps prompting us to complete Form 8615 referencing his earnings as "unearned income". Why?
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‎April 3, 2021
9:27 AM