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If I made less than $1,500 in commission sales for a company that I am an independent distributor for, do I need to file taxes for it?

 
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If I made less than $1,500 in commission sales for a company that I am an independent distributor for, do I need to file taxes for it?

Yes, if you earned more than $400 net income (income less expenses) working as a self-employed individual (or independent contractor), you must file a Schedule C, business income and expenses with your personal return and pay self-employment tax of 15.3%.

If you otherwise earned enough to file a return, you must report your self-employment income, no matter how small.

To enter business income and expenses:

·       Type in schedule c in the search box, top right of your screen, click the magnifying glass

·       Click on the first category Jump to schedule c link

         Follow the prompts and online instructions


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