Does a 16 year old need to file 2024 taxes if they made $1500.00 1099 income this year?

[heveran2571]

Son received a 1099 NEC this year. Does he need to file his own taxes?

[DoninGA]

What type of form 1099?  A 1099-INT, 1099-DIV, 1099-B or a 1099-MISC or a 1099-NEC?

[heveran2571]

1099 NEC

[DoninGA]

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@heveran2571 wrote:

1099 NEC

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Then he received this from self-employment.  Since the amount is greater than $400 he is required to file a tax return and report his self-employment income and expenses on Schedule C of the federal tax return, Form 1040.  If he has a net profit from the self-employment he will need to pay Self-Employment taxes, which are separate from federal income taxes.

He will need to indicate on his tax return that he can be claimed as a dependent.

See this TurboTax support FAQ for a Schedule C - https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-schedule-...