My husband received a 1099-MISC for 133.00 for assisting with some Educational Testing. Do we have to enter this amount as income? He was told you don't if under 250.00

[Leonard · Accepted solution]

Yes, unless the income is considered a gift, you need to report all income that is subject to US taxation on your tax return. The $600 limit is an IRS requirement for Form 1099-MISC to be file by the payer. 

[Edited 03/10/2020 | 8:13 am PDT]

[Anonymous]

Thank you!

[Leonard]

You are welcome

[ccchlfields]

Where do I enter the income on the 1099-misc I did not receive?  Is it box 3 or 7? 

[DavidS127]

It depends on why you were paid the money.

If the payment was for work you did for someone, it is 1099-MISC box 7 nonemployee compensation which is reported as self-employment income on Schedule C.

If the payment was for something else, like a prize or award, jury duty, taxable lawsuit settlement, dealership incentives, etc. it is 1099-MISC box 3 Other Income.  Enter box 3 amounts at the Federal>>Income>>Other Common Income>>Form 1099-MISC.

@ccchfields