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Do i need to file a 1099-misc if it is under $1500

i helped my dad work a few times last year and he issued me a 1099-MISC, the amount i made with him was $1420.00   so do i need to file this and try to claim as much of my personal expenses on a self employed return, even though i do not own my own business? or is it unnecessary for me to claim it?
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3 Replies
KatrinaB
Intuit Alumni

Do i need to file a 1099-misc if it is under $1500

You will need to file this income, as it is considered self employment. Although this isn't money from your own business, you are considered a subcontractor. You will be allowed to deduct any expenses that you have.

Do i need to file a 1099-misc if it is under $1500

Thanks for the reply! I have another question. Will I need to purchase the Turbo Tax self employed version to be able to be able to claim the deductions?
KatrinaB
Intuit Alumni

Do i need to file a 1099-misc if it is under $1500

Yes
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