DawnC
Expert Alumni

Business & farm

Here is how to report business income which is self-employment income.  If you report your income in this way, you can deduct your expenses related to that income.  Just use the most appropriate category or miscellaneous expense.   You will owe tax on the NET income.  

 

The IRS requires that you report all of your income, even if it's less than $600 and you didn't get a tax form for it. Follow these steps to enter your income.  General business income is the correct place for what you described.  

 

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