I realize the below may be pretty straightforward but I'm doubting myself at this point and want to be sure I've got it straight. Appreciate your patience!
I received a PayPal 1099-K for some side work last year. Gross receipts were over the filing requirement but net earnings (profit/loss line on Schedule C) were under $400 (pretty much broke even).
I do not meet the additional filing requirements listed in the Form 1040 and 1040-SR instructions. Do I have to file? Not asking to get around anything, asking based on IRS site saying "You have to file an income tax return if your net earnings from self-employment were $400 or more. If your net earnings from self-employment were less than $400, you still have to file an income tax return if you meet any other filing requirement listed in the Form 1040 and 1040-SR instructions." I realize this reads pretty straightforward, in which case no (?) I would not have to file even though the 1099 is over the limit...but my brain is mush right now so thank you for helping me check my back!
