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February 24, 2023
Question

Kentucky guidelines on 1099 nec

  • February 24, 2023
  • 2 replies
  • 0 views
I made less than  $2500 on my 1099 nec. Do I have to file that?

2 replies

VolvoGirl
February 24, 2023

Yes you must report all your income.  Are you asking about just for Kentucky or for federal too?  1099NEC is self employment income.

AliciaP1
February 24, 2023

Yes, as VolvoGirl posted, you are required to file a federal return if your net income from self-employment is $400 or more and you are required to file a KY return for any amount of self-employment.

 

To enter your Self-Employed income in TurboTax Online you can follow these steps:

  1. Open or continue your return in TurboTax
  2. Search for self employed income (use this exact phrase, don't add a hyphen) and select the Jump to link at the top of the search results
  3. Answer Yes on the Did you have any self-employment income or expenses? screen
    • If you land on the Your 2022 self-employed work summary page, select Review next to the work you're adding income for
  4. Answer the questions on the following screens until you arrive at Let's enter the income for your work
  5. Select the form that applies to your situation and Continue
  6. You can enter the info from your 1099 form on the following screens

 

See Do I need to file a Return for more information regarding KY filing requirements.  Also, see What self-employed expenses can I deduct? to help reduce your taxable income.

 

@b8f6d430c893 

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