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Level 1
June 1, 2019
Solved

My wife is in a drug study and filled out a 1099, she only earned $535. from it in 2016 We were told only needed to file if over $600 is that correct?

  • June 1, 2019
  • 1 reply
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Best answer by re2boys

Incorrect.  

The company is only required to send out a 1099MISC if the amount paid is over $600.

However, you are required to report all income, regardless of source, regardless if you receive a tax document or not.

1 reply

re2boysAnswer
Level 9
June 1, 2019

Incorrect.  

The company is only required to send out a 1099MISC if the amount paid is over $600.

However, you are required to report all income, regardless of source, regardless if you receive a tax document or not.