BillM223
Expert Alumni

Get your taxes done using TurboTax

You may need to file, see #1 below.

 

The IRS says in Pub 17:

"Also, you must file Form 1040 or 1040-SR and Schedule SE (Form 1040), Self-Employment Tax, if:

1. Your net earnings from self-employment (excluding church employee income) were $400 or more, ..."

 

You don't have to have a 1099-MISC or other forms. You can enter "General Income" in the business income and expenses interview - just enter something "sales on etsy" and then go on to enter your expenses.

 

Basically, if your business made enough money such that you would owe self-employment taxes (Schedule SE), you have to file, but you need to step through the process first.

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