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jnewton
New Member

My 15 year old daughter got a 1099 from 2015 for 2700, this year what do i need to do?

 
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SeanE1
New Member

My 15 year old daughter got a 1099 from 2015 for 2700, this year what do i need to do?

If you claimed your daughter as your dependent on your 2015 income tax return, and your daughter has a 2015 1099 for 2015, you may not have to do anything.  If the $2,700 is the only income that your daughter had for 2015, she will not have to file an income tax return. The reason for this is because a single tax filer's standard deduction for 2015 was $6,300, and a single person would have to have income greater than that amount to be required to file a tax return.

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2 Replies
SeanE1
New Member

My 15 year old daughter got a 1099 from 2015 for 2700, this year what do i need to do?

If you claimed your daughter as your dependent on your 2015 income tax return, and your daughter has a 2015 1099 for 2015, you may not have to do anything.  If the $2,700 is the only income that your daughter had for 2015, she will not have to file an income tax return. The reason for this is because a single tax filer's standard deduction for 2015 was $6,300, and a single person would have to have income greater than that amount to be required to file a tax return.

My 15 year old daughter got a 1099 from 2015 for 2700, this year what do i need to do?

If more then $400 self-employed income in box 7 on a 1099-MISC then a tax return is required, not to pay the tax, but to file schedule SE to pay the self-employment tax.   It also depends on what the income was for.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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