If your son is your dependent, when he files his tax return, he will have to indicate on his return that someone else can claim him in the Personal Profile Section. When completing his taxes, make sure that he enters that he can be claimed as a dependent on someone else’s tax return.
Refer to the TurboTax article: How do I indicate that I can be claimed as a dependent on someone else's return?
You will have to report his income from Form 1099-NEC on Schedule C. The good news is that you can deduct ordinary expenses that you incurred by making this income (including business miles). Follow the steps below to enter your income.
- Open TurboTax
- Select Wages & Income
- Select Business Income and Expenses (Schedule C)
- TurboTax will guide you through interview screens to help you enter your income and expenses.
For more information, refer to the TurboTax article What is a 1099-NEC?
For additional information, review the TurboTax help articles: What self-employed expenses can I deduct? and How do I report income from self-employment?
He will also be subject to self-employment taxes. Self-employment taxes and deductions are calculated on Schedule SE.
For additional information, please see the TurboTax article Self-Employed Federal Income Taxes.
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