I can't seem to find the answer to my question anywhere online, so I apologize if this is obvious to everyone else. I made under $600 and thus did not receive a 1099-NEC; everything I've read said to file the income on the Schedule C instead, and then expenses can be written off as well. So my question is, the Schedule C requires a "business address", should I put in my personal address or DoorDash's corporate headquarters?
Income from DoorDash is self-employed income. You are considered as self-employed and in IRS parlance, are operating a business doing what you do to earn the income reported on the form 1099-NEC. TurboTax will populate a Schedule C after you enter all your information.
Self-employed income is subject to income tax AND self-employment tax (calculated at 15.3% on 92.35% of net self-employed income).
You do not own a business in the common meaning of the word. So in TurboTax answer that you use the cash method, that you do not have an EIN. You use your own name as the business name and your personal address as the business address.
Income from DoorDash is self-employed income. You are considered as self-employed and in IRS parlance, are operating a business doing what you do to earn the income reported on the form 1099-NEC. TurboTax will populate a Schedule C after you enter all your information.
Self-employed income is subject to income tax AND self-employment tax (calculated at 15.3% on 92.35% of net self-employed income).
You do not own a business in the common meaning of the word. So in TurboTax answer that you use the cash method, that you do not have an EIN. You use your own name as the business name and your personal address as the business address.
@derebewaddisu1 This is not live chat. You need to ask a clear and complete question so we will know how to help you.
@iN7trepid wrote:"So my question is, the Schedule C requires a "business address", should I put in my personal address or DoorDash's corporate headquarters?"
You should put in your own name & address as the name & address of the "business." As a self-employed individual, you yourself are the "business." Door Dash is your client.