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Small business income question
I started a single-member LLC last year. I developed mobile apps and I added Google Ads in my app.
I had $30 earnings from Google Ads last year, but since Google Ads has minimum $100 payout threshold, I cannot payout these $30 to my business bank account, thus these money is still in my Google Ads account which shows earnings =$30 and payments =$0.
In this case, do I need to report these $30 as the business income on Schedule C?
Thanks!
March 11, 2024
6:16 AM