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Employee
March 27, 2020
Question

1099 misc for child under 18

  • March 27, 2020
  • 1 reply
  • 0 views

My 17 year old son made 2k off W2 income and I submitted a 1099 misc for <$1k for income he made helping with my sch E rental business. He was getting all the FIT tax he had paid back after he entered the W2 income, but when he entered the 1099 misc information he needed to pay tax on that income.  Did I do something wrong?

    1 reply

    Employee
    March 27, 2020

    No---he owed self-employment tax for Social Security and Medicare for the income on the 1099Misc.  If someone makes even $400 as an "independent contractor" they owe SE tax.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**