DaveF1006
Expert Alumni

Retirement tax questions

Yes, you do need to file a tax return because the $3000 your son pays you to baby sit needs to be reported. The income needs to be reported as self-employed income. Here is how to report.

 

  1. Open or continue your return.
  2. Navigate to the self-employed income section:
    • TurboTax Online/Mobile: Go to self-employed income.
    • TurboTax Desktop: Search for self employed income (use this exact phrase, don't add a hyphen) and select the Jump to link.
  3. Answer Yes on the Did you have any self-employment income or expenses? screen.
    • If you land on the Your 2024 self-employed work summary page, select Review next to the work you're adding income for.
  4. Answer the questions on the following screens until you arrive at Let's enter the income for your work.
  5. Select the form that applies to your situation and select Continue.

 

 

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