Yes. That is self-employment income. You must file a federal return if: You had $400 or more in self-employment net earnings (gross income minus expenses) orYou had marketplace health insurance and you received advance payments for the premium tax credit

Question

Do I need to include a 1099-NEC amount if it is less that $700?

Forum|Forum|2 years ago
February 15, 2024
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TurboTax Online

DawnC

Yes. That is self-employment income. You must file a federal return if:

You had $400 or more in self-employment net earnings (gross income minus expenses) or
You had marketplace health insurance and you received advance payments for the premium tax credit

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