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Yes, if you're filing a tax return, the rules require all self employed income to be reported on schedule C (regardless of1099-Misc received or not). If you're not required to file a tax return, then the amount would not need to be reported because it's under $400. In meeting the "business" criteria, it only applies to the activities you did for the $177 and related time period.
When you work, there's only two ways the income is taxed; as an employee (W-2) or as self-employed on a schedule C. However, since your net business income (revenue minus expenses), is below $400, there will be no self-employment taxes (schedule SE) on your return and you won't need to upgrade to the Self-employed Edition of TurboTax since you have no expenses.
Note: if you only earned the money and didn't receive pay until 2017, as
a cash basis tax payer (most common) you report income when received. You would report this in 2016. To check if you're required to file, see below: https://ttlc.intuit.com/replies/3302274
Yes, if you're filing a tax return, the rules require all self employed income to be reported on schedule C (regardless of1099-Misc received or not). If you're not required to file a tax return, then the amount would not need to be reported because it's under $400. In meeting the "business" criteria, it only applies to the activities you did for the $177 and related time period.
When you work, there's only two ways the income is taxed; as an employee (W-2) or as self-employed on a schedule C. However, since your net business income (revenue minus expenses), is below $400, there will be no self-employment taxes (schedule SE) on your return and you won't need to upgrade to the Self-employed Edition of TurboTax since you have no expenses.
Note: if you only earned the money and didn't receive pay until 2017, as
a cash basis tax payer (most common) you report income when received. You would report this in 2016. To check if you're required to file, see below: https://ttlc.intuit.com/replies/3302274
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