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My son won prize money skiing. He received 1099-Misc forms. Does that count toward making $4,050?

He has earned income and money from winning competitions.

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Hal_Al
Level 15

My son won prize money skiing. He received 1099-Misc forms. Does that count toward making $4,050?

Yes. Anything on a 1099-misc is taxable income and counts toward the $4050 dependent income rule.

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1 Reply
Hal_Al
Level 15

My son won prize money skiing. He received 1099-Misc forms. Does that count toward making $4,050?

Yes. Anything on a 1099-misc is taxable income and counts toward the $4050 dependent income rule.

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