Q. I’ve heard that you only need to file the 1099 if you’ve made more than $600 from 1 client specifically. Is that correct?
A. No. All income is reportable, not matter how small the amount or how many people paid you. The $600 rule applies to the 1099 issuer. If they paid you less than $600, they are not required to issue you a 1099. There is no $600 rule for you. You must report all your income, whether you got a 1099 for the income or not.
Q. I also read that if it constitutes as a hobby, which it is more so of a hobby that she does receive money for, if it doesn’t make up half of your annual income then you don’t necessarily need to report it on taxes. Is that correct?
A. No. All income is reportable, not matter how small the amount.
