- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I sell Avon, but I do not make much money. Last years taxes I put that income on the incorrect line and was taxed again.
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I sell Avon, but I do not make much money. Last years taxes I put that income on the incorrect line and was taxed again.
It's not true that there is an minimum amount of income that you need before you need to report anything. The IRS says that all of your income needs to be reported no matter whether you receive a 1099 for it or not. If you had income from Avon sales, you would be considered self-employed, and if you have a net profit of $400 or more, you will pay both income tax and Self-Employment tax on the income.
**Mark the post that answers your question by clicking on "Mark as Best Answer"
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I sell Avon, but I do not make much money. Last years taxes I put that income on the incorrect line and was taxed again.
It's not true that there is an minimum amount of income that you need before you need to report anything. The IRS says that all of your income needs to be reported no matter whether you receive a 1099 for it or not. If you had income from Avon sales, you would be considered self-employed, and if you have a net profit of $400 or more, you will pay both income tax and Self-Employment tax on the income.
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Related discussions
view allStill have questions?
Or browse the Forums