714207
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

jayban19-
New Member

I am a full time college student. I performed a band camp and received a 1099 misc. Do i have to file on the income?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
LisaBr
New Member

I am a full time college student. I performed a band camp and received a 1099 misc. Do i have to file on the income?

If you are being claimed as a dependent on your parent's returns, you will need to file a separate return with this income.  This is considered other self employment income  over $400.  The IRS considers anything in box 7 to be self employment income.

In TurboTax, you will indicate that somebody else can claim you as a dependent, at the personal information section.

However, if you had expenses related to this income, you can deduct them to lessen the tax liability on the income.

The following link might be helpful in understanding the IRS requirement to claim income:

https://www.irs.gov/pub/irs-pdf/p17.pdf

[Edited: 02.17.2018  6:11 PM EST]

View solution in original post

2 Replies
LisaBr
New Member

I am a full time college student. I performed a band camp and received a 1099 misc. Do i have to file on the income?

Please note that I edited this information for specific information related to your 1099-MISC.
LisaBr
New Member

I am a full time college student. I performed a band camp and received a 1099 misc. Do i have to file on the income?

If you are being claimed as a dependent on your parent's returns, you will need to file a separate return with this income.  This is considered other self employment income  over $400.  The IRS considers anything in box 7 to be self employment income.

In TurboTax, you will indicate that somebody else can claim you as a dependent, at the personal information section.

However, if you had expenses related to this income, you can deduct them to lessen the tax liability on the income.

The following link might be helpful in understanding the IRS requirement to claim income:

https://www.irs.gov/pub/irs-pdf/p17.pdf

[Edited: 02.17.2018  6:11 PM EST]

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question