I'm an artist and I shared a PayPal account with some other artists that I worked with. I have proof that I sent them money, but am I still responsible for all $ made?

Forum|Forum|5 years ago
July 8, 2020
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TurboTax Self Employed Online

xmasbaby0

Level 15

You are posting from Self-Employed--so it appears you are reporting income received from selling your art, etc. Pay Pal does not report anything to the IRS, so it is up to you to keep accurate records for yourself of your income and your expenses. Then you report your self-employment income, whether you have any income documents such as a 1099Misc or if it cash paid to you.

(and...I will add... my own son is an artist....so I am shaking my head...seriously ---- you are sharing a Pay Pal account with other people.....ohhhhhhhhhh..)

https://ttlc.intuit.com/questions/2903027-how-do-i-report-income-from-self-employment

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax

https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct

https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**