Vanessa A
Expert Alumni

Retirement tax questions

You will use your records to enter the income on Schedule C.  You will enter it as cash. 

 

To enter your self-employment income select the following:

  1. Federal
  2. Income and Expenses
  3. Show More next to Self-Employment
  4. Start next to Self-Employment
  5. Yes, to you have any self-employment income or expenses
  6. Enter the type of self-employment work you do and you can select that you use your name for your business
  7. Click through a few more screens and you will get to a screen that says "Your XX info"
  8. Click Looks good
  9. Then you will come to a screen that says Let's enter the income for your business.  It will give you the option of 1099-NEC or Other self-employed income including the 1099K , cash and checks.  Here is where you will enter the money you receive.
  10. If you do not select one, it will not let you enter your income
  11. Enter your self-employment income on the next screen
  12. Continue and on the next screen click add expenses

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