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    grassdladmin's Avatar
    grassdladmin Posts: 1, Reputation: 1
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    #1

    Mar 2, 2008, 11:31 AM
    Son has Paper route
    my son (a student) received a 1099-misc but the only box that was filled in was an X in box 9 that states the newspaper supplier made sales to my son for over 5000.00 for resale - he is 21 years old and I claim him as a dependent on my return - he received a w-2 from another job for 680.00 wages he earned - does he have to file a return? And if so how does he go about this?

    thanks Dom
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Mar 2, 2008, 01:49 PM
    Yes, he must file. His filing status is Single dependent that is he will not get exemption of $3,400, but he will get standard deduction up to $5,350 of earned income. 1099-MISC income is earned income.

    1099 income is Self employed income. He will file schedule C. On the net income (after deducting expenses), he will pay SE tax at 15.3% for that he will file schedule SE.
    Read:
    Tax News: Independent Contractor or Self Employed Person getting 1099 (instead of W2)
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