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Level 2
June 1, 2019
Solved

Do I Need to Claim Side Work Money below $600.00?

  • June 1, 2019
  • 3 replies
  • 31 views
I did some side work in 2016. I drew up some stable plans for a builder in South Carolina. I was paid a total of $400.00. Do I need to claim this? I heard if it's anything below $600.00, I do not...  Also, if I do have to claim it, where do I do so in the T.T. software?
Best answer by bwa

Yes, you do.  If you are required to file, you are required to report all of your income.

I heard if it's anything below $600.00, I do not.

That rule is whether the vendor has to issue you a Form 1099.  Even if they don't, you still need to report the income.


3 replies

rynods79Author
Level 2
June 1, 2019
How do I file this income with Turbo Tax?
Alumni - Champ
June 1, 2019
Your income indicates you are using the self-employed version.  If it's anything like the desktop version, just look for the business tab and work through the interview.
bwaAlumni - ChampAnswer
Alumni - Champ
June 1, 2019

Yes, you do.  If you are required to file, you are required to report all of your income.

I heard if it's anything below $600.00, I do not.

That rule is whether the vendor has to issue you a Form 1099.  Even if they don't, you still need to report the income.