Coleen3
Intuit Alumni

Get your taxes done using TurboTax

Yes, when the IRS talks about a filing requirement of $10,400 for a single person, they are referring to all income that is Federally taxed. With self-employment income that amount is $400. Since no one withheld taxes, you are wholly responsible for Social Security and Medicare taxes. The rate will be 15.3% of your profit.

You will use the Self-Employed edition and enter on Schedule C as instructed below.

Report income without a 1099. Here's how to do that:

  • Click on Federal Taxes 
  • Click Wages & Income
  • Under All Income, click Show all income
  • Scroll to Self-Employment, click Start
  • Click Yes to Did you have any self-employment income or expenses?
  • Enter any income from sales or services that weren't reported on Forms 1099-MISC