Yes, the income must be reported. It will be included in income for determining tax liability. The standard deductions for 2023
Single is $13,850 so any income above that would be taxable but she may have credits to go against the tax liability.
Enter your form like this:
- Open or continue your return.
- Select Search, enter 1099-misc and select Jump to 1099-misc.
- Or go to Wages & Income and select Start next to Form 1099-MISC under Other Common Income.
- Answer Yes to Did you get a 1099-MISC?
- If you already entered a 1099-MISC, on the 1099-MISC Summary screen select Add Another 1099-MISC.
- Enter the info from your form into the corresponding boxes.
- If you need to enter boxes 4–6 or 8–17, select My form has other info in boxes 1–18 to expand the form.
Since the 1099-MISC is not a business, you have to mark:
- no intent to earn money
- mark that the income is only for this tax year, 2023 . Otherwise the program will think it is recurring income and a business.
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