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Level 2
Oct 17, 2022 3:44 AM UTC
Solved

1099 nec

Hi I’m a dependent 19 years old sold tickets on StubHub think sold and got around $900 was wondering how I would do 1099 nec would it affect my parent income since they have heath insurance don’t want to put social security to accept the money if affect them?

TomD8Answer
Alumni - Champ
Oct 17, 2022 2:36 PM UTC

StubHub will issue you a 1099-K at year's end, not a 1099-NEC.  

https://support.stubhub.com/en/support/solutions/articles/61000276811-overview-of-1099-k-regulation

 

You must file your own tax return.  Your tax return will not have any effect on your parents' income, nor on your eligibility to be on their health insurance.  

 

On your return, be sure to indicate that you can be claimed as a dependent by someone else.

 

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

9 replies

Level 15
Oct 17, 2022 2:22 PM UTC
TomD8Alumni - ChampAnswer
Alumni - Champ
Oct 17, 2022 2:36 PM UTC

StubHub will issue you a 1099-K at year's end, not a 1099-NEC.  

https://support.stubhub.com/en/support/solutions/articles/61000276811-overview-of-1099-k-regulation

 

You must file your own tax return.  Your tax return will not have any effect on your parents' income, nor on your eligibility to be on their health insurance.  

 

On your return, be sure to indicate that you can be claimed as a dependent by someone else.

 

**Answers are correct to the best of my ability but do not constitute tax or legal advice.
Bc321Author
Level 2
Oct 17, 2022 3:49 PM UTC

So my parent can still claim me as a dependent?