1099-NEC for child.
My daughter is in college, we claim her as a dependent for tax purposes. In 2022, she earned $1,000 of income that was reported to her on 1099-NEC. I had a few questions that I was hoping you could help with:
1. Since her income is so low, I don't believe she has to file anything regarding income taxes. 2. I don't believe I need to report her income on my own income taxes? 3. No social security or medicare payments were withheld and none show on the 1099-NEC, does she need to make payments on those and if so, how? 4. Does 1099-NEC income qualify as "earned income" for purposes of eligibility to contribute to a Roth IRA?
Thank you in advance for any help you can give.