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Returning Member
posted Feb 14, 2025 8:43:22 AM

I have money I havent withdrawn that is on an online platform. Do I have to report it even if I havent cashed it out?

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3 Replies
Level 15
Feb 14, 2025 8:59:38 AM

Is it for investments?  Did you  get any form for it?  Like a 1099INT 1099DIV 1099B  1099R 1099MISC etc.

Returning Member
Feb 14, 2025 9:15:24 AM

I am self employed I got a 1099 for my independent work but in one marketing platform I earned for the year I have not withdrawn the money and I did not get any form. 

Level 15
Feb 14, 2025 9:40:49 AM

Oh for self employment you have to report all your income even if you didn't cash it out.  Was it  under  $600?  

 

Just enter it as Other self employment income or as Cash or General income. You don't need to get a 1099NEC or 1099K. Even if you did you can enter all your income as Cash. Only the total goes to schedule C.

 

How to enter income from Self Employment
https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653