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rebell
New Member

How much do I need to make on a 1099-misc before I file it?

 
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ShawnaD
New Member

How much do I need to make on a 1099-misc before I file it?

Normally income you received totaling over $600 for non-employee compensation (and/or at least $10 in royalties or broker payments) is reported on Form 1099-MISC. If you are self-employed, you are required to report your self-employment income if the amount you receive from all sources equals $400 or more.

However, any amount received on this form will be reported to The IRS as income and should be included on your tax return.

More information about Form 1099-MISC can be found here: https://turbotax.intuit.com/tax-tools/tax-tips/General-Tax-Tips/How-to-File-Taxes-with-IRS-Form-1099...

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1 Reply
ShawnaD
New Member

How much do I need to make on a 1099-misc before I file it?

Normally income you received totaling over $600 for non-employee compensation (and/or at least $10 in royalties or broker payments) is reported on Form 1099-MISC. If you are self-employed, you are required to report your self-employment income if the amount you receive from all sources equals $400 or more.

However, any amount received on this form will be reported to The IRS as income and should be included on your tax return.

More information about Form 1099-MISC can be found here: https://turbotax.intuit.com/tax-tools/tax-tips/General-Tax-Tips/How-to-File-Taxes-with-IRS-Form-1099...

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