When reporting income for a small business, does each check need to be listed individually or as a lump sum? Does this also apply to online payments?

 
MinhT
Expert Alumni

Retirement tax questions

No, you do not need to list each check or each online payment received separately on your tax return. You can add up all your business income and enter it as a lump sum in TurboTax under Additional income.

Just keep a detailed record of the checks and payments received in your tax records for at least 3 years.

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Retirement tax questions

Thank you