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Tax question: Never got a 1099?

Discussion in 'Anything goes' started by mdpoppy, Mar 12, 2008.

  1. mdpoppy

    mdpoppy Member

    I'm finally going to sit down and do my taxes this weekend with the aid of Turbo Tax, so maybe that'll guide me through, but I figured I'd through this question out there anyway ...

    I did a small amount of freelancing this past fall (probably $300 to $500 worth), but never got a 1099. Do I have to worry about filing then? I'm not even going to dive into what I can and can not claim since it was so small, I don't have the receipts and it was minimal costs, anyway. But, I'd like to know if I should be putting my income from these on my taxes so I don't get in any trouble.

    I'm sure there's some sort of cut-off number if I need to file or not (I'm filing for my regular income, I just mean the freelance income), but can't seem to find it anywhere.

    Any help is appreciated, thanks!
     
  2. mdpoppy

    mdpoppy Member

    On second glance, I see $600 as a base figure. Is this correct?

    Thanks again!
     
  3. trifectarich

    trifectarich Well-Known Member

    Do you feel lucky?

    Report it. The tax you'd save by not including it isn't enough to worry that you'll hear from the IRS about this five years from now.
     
  4. EStreetJoe

    EStreetJoe Well-Known Member

    Don't know how it works for freelancing, but the 1099-DIV you get from investments could still be on their way as mutual fund companies and the like have until early March to reclassify income/expenses, which effects how your dividends get reported. I've gotten two corrected 1099-DIV forms in the last two weeks because of that.
     
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