Do we report 1099-misc income under $5000.00 if worker is under 18?

[markbyrnes2002]

We were told that if you are under the age of 18, you do not have to pay taxes on the first $5000.00, is that correct?

[Lisa995 · Accepted solution]

1099MISC is considered self employment income.  If its over $400 then there will be some self employment taxes due, yes a return needs to be filed.