Self-employment income may be reported even if you did not receive an IRS form 1099-MISC or 1099-NEC. Self-employment income is subject to self-employment tax as well as income tax. You may also deduct ordinary and necessary expenses against your self-employment income.
Follow these steps:
- Down the left side of the screen, click on Federal.
- Down the left side of the screen, click on Wages and Income.
- Scroll down to Self-employment. Click Show more.
- Click on Start / Edit / Add to the right of Self-employment income and expenses.
- You will go through several screens that create your self-employment activity.
- If you arrive at the screen Your self-employed work summary, click Edit to the right of the activity.
- At the screen Here's your info, scroll down to income and click Add income for this work.
- You will enter income as Cash and checks.
- At the screen Here's your info, scroll down the expenses and click Add expenses for this work.
- Follow the directions to enter the expense.
See also this TurboTax Help.
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