KochuK
Employee Tax Expert

Self employed

Hi 36tonymack, thanks for posting the question.

 

CashApp is a Third Party Settlement Organization, and will issue you a Form 1099-K if the aggregate sale amount for tax year 2022 is $600 or more.

Based on your description, you most likely will report business income and expenses on Schedule C, Profit or Loss from Business.

 

Below is instruction on Schedule Line D Employer ID Number (EIN):

Quote

If you do not have an EIN, leave line D blank. You need an EIN only if you have a qualified retirement plan or are required to file employment, excise, alcohol, tobacco, or firearms returns, or are a payer of gambling winnings. If you need an EIN, see the Instructions for Form SS-4.

Unquote

page C4 https://www.irs.gov/pub/irs-pdf/i1040sc.pdf 

 

Hope the above helps.

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