Single over 65. The $9K of SS not a problem nor is the $3K of 1099-R income but what about the $1000 of 1099-misc box 7 income? NO Fed or St taxes were witheld. The 1099-misc if over $400
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You answered your own question.Originally posted by AZ-Tax View Post -
I was hoping I was wrong
I kind of figured that but I was hoping I was wrong.Originally posted by Gretel View PostComment
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He will owe SE taxes unless he has $600 or more in expenses.This post is for discussion purposes only and should be verified with other sources before actual use.
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Hobby?
Was the 1099 for SE or for Hobby? In either case a return should be filed:Originally posted by BOB W View Post
* if SE, then to pay the SE tax
* if Hobby, then to report it on Line 21 as Other Income to prevent a letter from the IRS trying to say it is SE income
BillComment
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I spoke to an IRS employee/client and (it) told me that there is a section that is devoted to line 21 review. Not sure it that is good or bad.This post is for discussion purposes only and should be verified with other sources before actual use.
Many times I post additional info on the post, Click on "message board" for updated content.Comment
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