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I didn't file federal taxes for 2023. My only income was from two 1099 forms for a total of $4,277.33. I currently live in Australia. Do I need to file? 1099k 1099nec

 
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Accepted Solutions
xmasbaby0
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I didn't file federal taxes for 2023. My only income was from two 1099 forms for a total of $4,277.33. I currently live in Australia. Do I need to file? 1099k 1099nec

If you have a 1099NEC, yes, you need to file a tax return, because a 1099NEC is issued for self-employment income.   If you have even $400 of self-employment income you are required to file and pay self-employment tax for Social Security and Medicare, although you will not owe any ordinary income tax for that amount of income.

 

 

https://ttlc.intuit.com/questions/2926899-how-does-my-side-job-affect-my-taxes

 

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/form-1099-nec/1099-nec/L5qTsBiSe_US_en_U...

 

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/...

 

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

 

https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax

https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c

 

 

https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct

 

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

View solution in original post

1 Reply
xmasbaby0
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I didn't file federal taxes for 2023. My only income was from two 1099 forms for a total of $4,277.33. I currently live in Australia. Do I need to file? 1099k 1099nec

If you have a 1099NEC, yes, you need to file a tax return, because a 1099NEC is issued for self-employment income.   If you have even $400 of self-employment income you are required to file and pay self-employment tax for Social Security and Medicare, although you will not owe any ordinary income tax for that amount of income.

 

 

https://ttlc.intuit.com/questions/2926899-how-does-my-side-job-affect-my-taxes

 

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/form-1099-nec/1099-nec/L5qTsBiSe_US_en_U...

 

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/...

 

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

 

https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax

https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c

 

 

https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct

 

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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