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lovelandfin79
New Member

If I made less than $700 on 1099 misc do I still have to report it?

If I made less than $700 on a 1099 Misc do I still have to report it?

1 Reply
Hal_Al
Level 15

If I made less than $700 on 1099 misc do I still have to report it?

Yes. All income is reportable, no matter how small the amount.  Income on an IRS document like a W-2 or 1099 is especially reportable because the IRS already know you got it and is expecting to see it on your tax return.

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