If the amount on the 1099-Misc is in box 7 then yes. You will have to pay social security and medicare taxes on that income. If it is in Box 3, then no.
Filing Requirements
The Gross income requirements for each filing status (If your income is below these, you don't need to file.)
Yes, those who are self-employed must file a
federal income tax return if earnings are at least $400.
If the amount on the 1099-Misc is in box 7 then yes. You will have to pay social security and medicare taxes on that income. If it is in Box 3, then no.
Filing Requirements
The Gross income requirements for each filing status (If your income is below these, you don't need to file.)
Yes, those who are self-employed must file a
federal income tax return if earnings are at least $400.