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Self employed
No, it will not cause any issues. Any income received, whether or not a tax reporting form is received, is required to be reported on your tax return. As long as you report your income that's all that matters. Since this is side work, it would be considered self employment. The links below will show you how to report it and some deductions that you may have had that allowed you to earn the income.
- How do I report income from self-employment?
- What self employment expenses can I deduct?
- Depreciation of Business Assets
- What is depreciation?
- Business Use of Vehicles
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March 2, 2024
7:17 AM
470 Views