- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Do I have to report self employment if I did not earn more than $600?
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Do I have to report self employment if I did not earn more than $600?
If you are required to file a tax return, you must report all self employment income no matter how small the amount. If that is your only income, you must file a return if it is more than $400 to pay self employment taxes.
The $600 number is the amount you must make before the payer must issue a 1099-MISC but it has no affect on whether you must report the income not even if you didn't get a 1099-MISC.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Do I have to report self employment if I did not earn more than $600?
If you are required to file a tax return, you must report all self employment income no matter how small the amount. If that is your only income, you must file a return if it is more than $400 to pay self employment taxes.
The $600 number is the amount you must make before the payer must issue a 1099-MISC but it has no affect on whether you must report the income not even if you didn't get a 1099-MISC.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Do I have to report self employment if I did not earn more than $600?
Still have questions?
Or browse the Forums