You'll need to sign in or create an account to connect with an expert.
You don't need to file a 1099 for receiving income. You file a 1099 for paying, for example, subcontractors when you are a business.
You must report the $3500 as income on your Schedule C (if you are self-employed). Whether you receive a 1099 or not (or any other information form) has no bearing on whether you must report the income. You must report all worldwide income unless there is a specific exclusion.
In the business/self-employed/independent contractor TT interview it will ask you if you have any income not reported to you on a 1099-MISC. Just say yes and tell TT the amount, answering any follow up questions.
If you need help finding that section, please ask.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
rhalexda
Level 2
boydmj867-gmail-
New Member
lcai69
New Member
allen-barron
New Member
maxium222
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.