I received a 10-99MISC from twitch (Amazon) for $41, do I need to claim that on my taxes? Others have said that any less than $400 im good.

Forum|Forum|2 years ago
January 19, 2024
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Best answer by dmertz

If you are required to file, you must report this income even if it is not subject to self-employment tax.

dmertzAnswer

Employee

If you are required to file, you must report this income even if it is not subject to self-employment tax.

Opus 17

Employee

If you file a tax return for any reason, you must report all your income, no matter how small the individual items might be.

Hal_Al

Employee

Q. Others have said that any less than $400 im good. Is that true?

A. No. The $400 is often misunderstood to mean that.

The $400 rule only means that the payer (Twitch) only has to issue a form 1099-MISC if they paid someone (you) more than $400. You have to report all your income, no matter how small whether or not you got a 1099 form. In your case, the IRS will be expecting that $41 on your tax return.