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1099-MISC income for minor ?
My son who is a minor received a 1099-MISC for $ 70.00. This is his only income. The amount is in Box 2. "Royalties".
The Box 7. "Payer made direct sales totaling $ 5000.00 or more of consumer products to recipient for resale" is NOT checked. Do I need to file taxes under his name for this amount ?
The Box 7. "Payer made direct sales totaling $ 5000.00 or more of consumer products to recipient for resale" is NOT checked. Do I need to file taxes under his name for this amount ?
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‎April 2, 2022
5:05 PM