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

    Feb 3, 2011, 08:49 AM
    Do I have to file?
    I am retired on Social Security and last year I made $1465.00 on a 1099 MISC. DO I have to file/report this small income?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Feb 14, 2011, 04:46 PM
    Yes. The income must be reported on Schedule C and, if the net income is more than $400, transferred to Schedule SE to calculate the self-employment tax.

    It is likely you will owe ZERO income tax on your return, but the SE tax will be about $160.

    If you need professional help filing your return, email me at [email protected].
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