1099INT

spencer5850 — Tue, 24 Feb 2026 07:02:31 GMT

I received a 1099INT last year for at home work I had done for a company. Now it wasn't for a very large sum of money, but it did affect our tax return, but did not put us in a higher tax bracket. Do I need to pay in quarterly this year? I feel I may have been penalized last year for not paying in quarterly.

Re: 1099INT

Ruth C-L — Wed, 30 Aug 2023 21:47:41 GMT

Without seeing your last tax return, you may have had to pay an underpayment penalty. Or, you very well could have had to pay the extra self-employment tax on self-employment income if you received a 1099-NEC for consulting work.

We recommend reaching out to TurboTax Live experts to discuss your individual situation further, and to use the TurboTax TaxCaster to determine if you should make an estimated tax payment.

topic 1099INT in Self employed

1099INT

Re: 1099INT