I am a micro-influencer and have no idea how to file my taxes. I mainly do trades. I've tried to look on the internet for help, but I can't find any solutions.

Forum|Forum|5 years ago
March 12, 2021
1 reply
10 views

Do I need to count the free products that have been sent to me on my taxes? Individually, none reached over $100, but I got quite a few to review, so the total is over $100. Not sure what to do...

TurboTax Self Employed Online

Best answer by ErnieS0

Yes. The IRS considers receiving free goods in exchange for reviews to be bartering income. Bartering is the exchange of goods or services.

Bartering income is taxable and the IRS considers you to be self-employed. Report the value of the goods you receive as cash income.

You can claim expenses, such as internet use, software subscriptions, a laptop, etc.

Type self-employed in Search in the upper right
Select Jump to self-employed
Enter your income and expenses

ErnieS0Answer

Level 15

Yes. The IRS considers receiving free goods in exchange for reviews to be bartering income. Bartering is the exchange of goods or services.

Bartering income is taxable and the IRS considers you to be self-employed. Report the value of the goods you receive as cash income.

You can claim expenses, such as internet use, software subscriptions, a laptop, etc.

Type self-employed in Search in the upper right
Select Jump to self-employed
Enter your income and expenses

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I am a micro-influencer and have no idea how to file my taxes. I mainly do trades. I've tried to look on the internet for help, but I can't find any solutions.

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