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1099misc - I barely made $500 with Postmates. Do I have to report this income when I file?

How do I report it? There are no taxes withheld, as well.

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3 Replies
Hal_Al
Level 15

1099misc - I barely made $500 with Postmates. Do I have to report this income when I file?

Yes you do have to report it. All income is reportable, no matter how little. Income reported in box 7 of a 1099-misc is especially reportable, as it is subject to self employment (social security & medicare) tax as well as income tax. You will owe at least $70 tax.

1099misc - I barely made $500 with Postmates. Do I have to report this income when I file?

That is self employment income.  You can enter Self Employment Income into Online Deluxe or Premier but if you have any expenses you will have to upgrade to the Self Employed version.  Or use the Tax Freedom Edition posted above if you qualify.

How to enter income from Self Employment
https://ttlc.intuit.com/questions/2903027-how-do-i-report-income-from-self-employment

1099misc - I barely made $500 with Postmates. Do I have to report this income when I file?

FREEDOM EDITION

You cannot enter a 1099Misc when you are using the Free Edition.  If you qualify, there is another free software program available from TurboTax which will allow you to enter self-employment income reported on a 1099Misc.

Try the Freedom Edition: 

https://turbotax.intuit.com/taxfreedom 

You qualify if your income was $33,000 or less, or $64,000 or less if active duty military, or if you qualify for Earned Income Credit



https://ttlc.intuit.com/questions/2026912-how-do-i-switch-to-turbotax-freedom-edition

**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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