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My 23 y/o son received a 1099 misc and a W- 2. Incomes of approx $1200 and $2975 respectively. Should he file?

 
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IsabellaG
Expert Alumni

My 23 y/o son received a 1099 misc and a W- 2. Incomes of approx $1200 and $2975 respectively. Should he file?

Yes, he's going to need to file because of the 1099-MISC. If the income is entered in box 7, it's considered Self-Employment income, and he'd need to pay Self-Employment tax if his net self-employment income is $400 or greater.

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2 Replies
IsabellaG
Expert Alumni

My 23 y/o son received a 1099 misc and a W- 2. Incomes of approx $1200 and $2975 respectively. Should he file?

Yes, he's going to need to file because of the 1099-MISC. If the income is entered in box 7, it's considered Self-Employment income, and he'd need to pay Self-Employment tax if his net self-employment income is $400 or greater.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

My 23 y/o son received a 1099 misc and a W- 2. Incomes of approx $1200 and $2975 respectively. Should he file?

FREEDOM EDITION

You cannot enter a 1099Misc or self-employment income when you are using the Free Edition.  If you qualify, there is another free software program available from TurboTax which will allow you to enter self-employment income.

Try the Freedom Edition: 

https://turbotax.intuit.com/taxfreedom 

You qualify if your income was $33,000 or less, or $66,000 or less if active duty military, or if you qualify for Earned Income Credit


https://ttlc.intuit.com/questions/2026912-how-do-i-switch-to-turbotax-freedom-edition

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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