Google adsense earnings is less then expenses. Do I still need to report?

[dhavalsays]

I've a google adsense earnings of about 150$ last year from my youtube channel. This is in addition to my full time job. Now the expenses (equipment,software licensing etc) is more then income. Do I still need to report this in my tax return? If yes what are the instructions on reporting this income and deducting expenses?

[Coleen3 · Accepted solution]

Yes, you should report all your earnings, regardless of the amount. The fact that you have expenses greater than the income will generate a loss that may lower your other income. This is entered as Self-employment income on Schedule C. You will need the Turbotax SE program to be able to enter expenses.