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Not applicable
posted Oct 23, 2022 11:27:06 AM

Self-employed amazon vine

I am fully self-employed, online therapist. I also review products of an online retailer who will send me a 1099 for estimated tax value of products received, as non-cash income. Should this be filed as misc, other, or business income since I already file schedule C as sole proprietor.

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1 Best answer
Level 15
Oct 23, 2022 12:08:41 PM

Reviewing products for compensation is a business. But it is a separate business from online therapy (unless the products are directly related to therapy, but it doesn't sound like that's the case). You should file two Schedule C's, one for your online therapy business and one for your product review business. Both Schedule C's are included in your one tax return.

 

2 Replies
Level 15
Oct 23, 2022 12:08:41 PM

Reviewing products for compensation is a business. But it is a separate business from online therapy (unless the products are directly related to therapy, but it doesn't sound like that's the case). You should file two Schedule C's, one for your online therapy business and one for your product review business. Both Schedule C's are included in your one tax return.

 

Not applicable
Oct 23, 2022 1:31:46 PM

You are right, they are not directly related. Thank you for your reply!