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New Member
posted Jan 10, 2023 12:39:55 PM

Do I still need to report income even if I don't receive a 1099? (Ex: Walk dogs for Rover, but don't earn enough to prompt a 1099-k)

The Federal threshold for prompting a 1099 is 200 transactions or more than $20,000 in earnings. What do you do if you're well below both of those thresholds?

0 4 1696
4 Replies
Level 15
Jan 10, 2023 12:43:04 PM

You still need to report the income you received.  For the self-employment income you can use section for Cash.

 

See this TurboTax support FAQ for Self-Employment income - https://ttlc.intuit.com/turbotax-support/en-us/help-article/self-employment-taxes/report-income-self-employment/L5wADi3xQ_US_en_US?uid=lcqp92ev

Level 15
Jan 10, 2023 12:43:30 PM

If you had even $400 of self-employment income you are required to file a tax return and pay self-employment tax for Social Security and Medicare.  And you do not need a 1099 to do that.  You can enter the income even if you do not receive a document.

 

https://ttlc.intuit.com/questions/2926899-how-does-my-side-job-affect-my-taxes

 

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653

 

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

 

https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax

https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c

 

 

https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct

 

 

https://ttlc.intuit.com/questions/1901110-do-i-need-to-make-estimated-tax-payments-to-the-irs

 

 

If you do not want to pay for the expensive online Self-Employed software, you could try using the IRS Free File site when it opens later in January.

 

-Use this IRS site for other ways to file for free.  There are 8  free software versions available from the IRS Free File site

 

https://apps.irs.gov/app/freeFile/

Level 15
Jan 10, 2023 4:55:07 PM

you should expect a 1099-NEC with the exact amount of your pay, not a 1099-K.

 

@marc-damico1 

Level 15
Jan 10, 2023 6:06:01 PM

This is the exact reason the 1099-K threashold is being reduced starting in 2023 (after the delay)  ... to catch the self employed folks  that have not been reporting their incomes paid thru CC/debit cards.