Hello! I have an MLM business that generated under 500$ last year. The MLM does not provide any tax forms for under 600$ in earnings. How do I report this money?

This is not my only source of income. I think I would use the 1099-NEC but they don't give those out for those earning under 600.

193

Expert Alumni

Feb 13, 2021 3:49:36 PM

You would report the earnings as cash under Self-employed income.

The IRS requires ALL taxable income be reported, so although you earned less than the amount for a 1099-NEC, you would still report the income.