Yes, you can report the income without a formal tax form such as a W-2 or 1099-NEC.
It is considered self-employment income. Your self-employment income and expenses will be entered in the Income and Expenses section under the federal taxes tab of TurboTax Online.
- Open or continue your return
- Search for schedule c and select the Jump to link
- Answer Yes to Did you have any self-employment income or expenses? And answer the questions on the following screens regarding your business activity.
- When asked to enter your income, follow these steps:
- 1099-NEC - If you have a Form 1099-NEC, select and enter the information on the form
- Other self-employed income - Select and enter the total of the following:
- If you have a 1099-K, the amount in Box 1 Gross amount of payment//third party network transaction
- If you don't have a 1099-K or 1099-NEC, report your Gross Earnings amount (i.e. $2,000.)
Next you'll enter the type and amount of your expenses if there are any.
@Andra_CK
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
