ThomasM125
Expert Alumni

Get your taxes done using TurboTax

Yes, you may qualify for the child tax credit if you report self-employment income. You can report it even if you don't have a Form 1099-NEC, but you should have documentation supporting the receipt of the money. That could be in the form of bank deposits, client invoices or other relevant documentation. However, you will have to pay a self-employment tax on your net self-employment income that will approximate 15% of that amount.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"