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February 17, 2021
Question

Do I legally have to file 1099 if the amount is under $4,000 ?

  • February 17, 2021
  • 1 reply
  • 0 views
I'm mean is it actually illegal for me not to file the 1099 being my income was under $4,00.00 for the year?

1 reply

VolvoGirl
Employee
February 17, 2021

What kind of 1099 did you get?  If it is a 1099NEC or 1099Misc you have to file for only $400 or more.  Is that the only income you got for the whole year?  If you have other income you have to report all your income no matter how small.

 

Do you need to file a return?

https://ttlc.intuit.com/community/filing-and-paying-taxes/help/do-i-need-to-file-a-federal-return-this-year/00/25546