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Do I need to file a 1099-k if I didn't make $600?

I'm a mystery shopper and this is my first year, I've kept a physical log of my payments its just under $600, thats including reimbursements, without reimbursement it's rought $300. Do I need a 1099-k? What would be my best course of action? Any help is appreciated.
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1 Reply
RobertB4444
Expert Alumni

Do I need to file a 1099-k if I didn't make $600?

First, a 1099-K is issued by the company that pays you.  You do not need to create one in order to pay yourself.  So don't worry about the 1099-K.

 

Second, you are what is called a 'self-employed contractor'.  You will enter the total amount that you received (in this case $600) and the total expenses that you had (in this case $300 plus any other expenses that you were not reimbursed for such as mileage).  Whatever is left is what you pay taxes on.

 

@marcarri08 

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