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If my child received a W-2 for $33.25 and a 1099-NEW for $2000. How do i report this income?

 
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1 Reply
MarilynG1
Expert Alumni

If my child received a W-2 for $33.25 and a 1099-NEW for $2000. How do i report this income?

If your child is your dependent, here are the Dependent Filing Requirements.

 

If they received a 1099-NEC reporting $2,000, this would require them to file a tax return, since their gross income is over $1,250.  The 1099-NEC normally indicates 'Self Employment Income', which is reported on Schedule C.

 

Here's more info on How to File Taxes with Form 1099-NEC

 

 

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