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Get your taxes done using TurboTax
This is considered self employment income. You must file a federal return if:
- You had $400 or more in self-employment net earnings (gross income minus expenses)
- Do I need to file a federal tax return?
If you want to claim the income with no expenses you can enter it as other income since it will not require self employment tax at $400. It it's higher than that, you may want to file Schedule C to take the expenses. How do I report income from self employment?
Other Miscellaneous Income:
- Go to the Wages and Income section of TurboTax
- Scroll to Less Common Income > Select Miscellaneous Income, 1099-A, 1099-C
- Select Other reportable Income > Enter a description (----) and the amount
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March 30, 2024
4:26 PM