My 30 year old son is a gig worker. Non-employee compensation on 1099-NEC was $7000. With mileage expense, business income is $3500. Is he a "qualified dependent"? He otherwise qualifies, but I don't know which figure to use for the "gross income" test. Online advice is not clear (e.g., Investopedia says use "business income net of expenses").
Is my understanding of the following correct? He has a marketplace plan that I pay for. If he's not a qualified dependent, I think he needs to claim the 1095-A amounts (there was no premium tax credit) on his return. If he is, then I can claim it on my return. I'm self-employed, so I could claim it as self-employed health insurance if he's a qualifying dependent, or else it would go on Schedule A (and I'd probably take standard deduction).
You'll need to sign in or create an account to connect with an expert.
He would not be a dependent. His Gross income (the amount of his 1099-NEC). He will also include his 1095-A on his return.
He would not be a dependent. His Gross income (the amount of his 1099-NEC). He will also include his 1095-A on his return.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
rainacroff
New Member
Tax1219
Level 2
Tax1219
Level 2
mdetra1
New Member
FloridaOrange
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.