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Yes, you are required to report the income from your business...even if its under $3,000.
In order to enter your business income and expenses, you will have to upgrade to the Turbo Tax Self-Employed version (or Turbo Tax Home & Business). Once you upgrade, to enter the income and expenses of your business, follow these steps in Turbo Tax (here I am assuming that you'll file as a sole proprietor on a Schedule C:(
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