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lyttwags
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Does my daughter qualify as a dependent relative? Her 1099 was over $4050 but after business exp. it was under. How is gross income defined?

My daughter qualified as a dependent relative with one question.  How is gross income defined?  She received a 1099 for her work as a esthetician and it was over $4050.  After deducting her business expenses it was under $4050.  How is gross income defined?

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Does my daughter qualify as a dependent relative? Her 1099 was over $4050 but after business exp. it was under. How is gross income defined?

Go to IRS Publication 501 - https://www.irs.gov/publications/p501/ar02.html#en_US_2016_publink1000220968

Gross income defined.     Gross income is all income in the form of money, property, and services that isn't exempt from tax.

  In a manufacturing, merchandising, or mining business, gross income is the total net sales minus the cost of goods sold, plus any miscellaneous income from the business.

  Gross receipts from rental property are gross income. Don't deduct taxes, repairs, or other expenses to determine the gross income from rental property.

  Gross income includes a partner's share of the gross (not net) partnership income.

    Gross income also includes all taxable unemployment compensation and certain scholarship and fellowship grants. Scholarships received by degree candidates and used for tuition, fees, supplies, books, and equipment required for particular courses generally aren't included in gross income. For more information about scholarships, see chapter 1 of Pub. 970.

  Tax-exempt income, such as certain social security benefits, isn't included in gross income.

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Does my daughter qualify as a dependent relative? Her 1099 was over $4050 but after business exp. it was under. How is gross income defined?

Go to IRS Publication 501 - https://www.irs.gov/publications/p501/ar02.html#en_US_2016_publink1000220968

Gross income defined.     Gross income is all income in the form of money, property, and services that isn't exempt from tax.

  In a manufacturing, merchandising, or mining business, gross income is the total net sales minus the cost of goods sold, plus any miscellaneous income from the business.

  Gross receipts from rental property are gross income. Don't deduct taxes, repairs, or other expenses to determine the gross income from rental property.

  Gross income includes a partner's share of the gross (not net) partnership income.

    Gross income also includes all taxable unemployment compensation and certain scholarship and fellowship grants. Scholarships received by degree candidates and used for tuition, fees, supplies, books, and equipment required for particular courses generally aren't included in gross income. For more information about scholarships, see chapter 1 of Pub. 970.

  Tax-exempt income, such as certain social security benefits, isn't included in gross income.

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