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cstratton5
New Member

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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ShawnaD
New Member

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

1 Reply
ShawnaD
New Member

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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