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ellouise
Returning Member

Do I have to file if I received 1099 NEC?

The only income I earned this year is on this 1099 NEC and it is less than $12,950 that is the requirement to file.
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2 Replies
MaryK4
Expert Alumni

Do I have to file if I received 1099 NEC?

If it was self-employment income you would be required to file to pay the self-employment taxes.

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Do I have to file if I received 1099 NEC?

Income on a 1099NEC is self-employment income.   If you have even $400 of self-employment income you are required to file a tax return and pay self-employment tax for Social Security and Medicare.  So, yes, you must file a tax return.

If you have self-employment income for which you will pay self-employment tax for Social Security and Medicare,  you will need to use online Premium software or any version of the desktop software download so that you can prepare a Schedule C for your business expenses.

 

 

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/turbotax-support/en-us/help-article/import-export-data-files/enter-self-empl...

 

https://ttlc.intuit.com/community/business-taxes/discussion/self-employed-don-t-miss-these-tax-moves...

 

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-schedule-...

 

 

**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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