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Get your taxes done using TurboTax
Reimbursement is not income. Only the actual income above what you spent, the amount paid to create the event and report. In your example, they paid you $5 for the meal experience and report.
You will report all the income on a business sch C. See:
Small Business and Self-Employed Tax Center - complete guide
- About Schedule C (Form 1040), Profit or Loss from Business
- Publication 535, Business Expenses
- What is the self-employment tax? video
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March 16, 2021
6:35 PM