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Do I need to report this cash earned?
I have a question regarding reporting cash earned. I was asked by a friend to help organize some files they have and do some documentation for a training they are hosting. This is not a regular occurrence and I am wondering if this cash earned is something I need to report to the IRS. I was looking at the Schedule C documentation and it mentioned that the Schedule C form is if:
- Primary purpose is for income / profit
- Involved in the activity with continuity / regularity
I am only helping them out twice, so it is not a regular occurrence and they would pay me less than $1000 total. I do not have a business of any kind and nor do I plan to. Does this need to be reported and if so how would I go about reporting?
Thanks.
‎July 7, 2021
8:50 AM