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tylerhooghe
New Member

1099k form with less than $50

Is there a point of reporting this since it's such a small amount.
posted
‎June 5, 2019 2:27 PM
last updated ‎June 05, 2019 2:27 PM
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PaulaM
Employee Tax Expert
Employee Tax Expert

1099k form with less than $50

IRS rules dictate that you report all income earned, but on $50 you won't have any self-employment taxes owed. Report in the Less Common Income section, Miscellaneous Income.

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‎June 5, 2019 2:27 PM
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