You are self-employed but self-employment income less than $400 is subject to income tax but not subject to self-employment tax. IRS Publication states:
You're self-employed for this purpose if you're a sole proprietor (including an independent contractor), a partner in a partnership (including a member of a multi-member limited liability company (LLC) that is treated as a partnership for federal tax purposes) or are otherwise in business for yourself......You usually must pay self-employment tax if you had net earnings from self-employment of $400 or more.
This IRS publication states:
Generally, an amount included in your income is taxable unless it is specifically exempted by law. Income that is taxable must be reported on your return and is subject to tax.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
