Solved: I didn't receive a 1099-MISC form because income was less than $600. Do I still need to report that income on my 1040 tax return? And where can I find such instructions?

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I didn't receive a 1099-MISC form because income was less than $600. Do I still need to report that income on my 1040 tax return? And where can I find such instructions?

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I didn't receive a 1099-MISC form because income was less than $600. Do I still need to report that income on my 1040 tax return? And where can I find such instructions?

Yes, all income should be reported on your tax return. Please see the instructions below for entering this income.

To enter Miscellaneous Income:

On the Tax Timeline, select "Federal Taxes".

Select "Wages and Income" on the second menu bar.

Scroll down and select the "Check for more income" button, then select "Skip to see all income".

Scroll down to the “Less Common Income” section, click “Show More” to view the list of income selections.

Click “Start" next to “Miscellaneous Income, 1099-A, 1099-C”.

Click "Start" next to "Other income not already reported on a Form W-2 for Form 1099".

Select "Yes" to "Did you receive any other wages?"

Follow the next few questions and click continue. If any of those income items apply to you, enter your income for those categories. If not, continue with these directions.

On the screen "Any Other Earned Income" select "Yes" to "Did you earn any other wages?"

On the next screen, click "Other".

The next screen will provide space for you to enter the description of the income item and then the amount (screenshot below).

View solution in original post

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I didn't receive a 1099-MISC form because income was less than $600. Do I still need to report that income on my 1040 tax return? And where can I find such instructions?

Yes, all income should be reported on your tax return. Please see the instructions below for entering this income.

To enter Miscellaneous Income:

On the Tax Timeline, select "Federal Taxes".

Select "Wages and Income" on the second menu bar.

Scroll down and select the "Check for more income" button, then select "Skip to see all income".

Scroll down to the “Less Common Income” section, click “Show More” to view the list of income selections.

Click “Start" next to “Miscellaneous Income, 1099-A, 1099-C”.

Click "Start" next to "Other income not already reported on a Form W-2 for Form 1099".

Select "Yes" to "Did you receive any other wages?"

Follow the next few questions and click continue. If any of those income items apply to you, enter your income for those categories. If not, continue with these directions.

On the screen "Any Other Earned Income" select "Yes" to "Did you earn any other wages?"

On the next screen, click "Other".

The next screen will provide space for you to enter the description of the income item and then the amount (screenshot below).

View solution in original post

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