Did you know TurboTax can help you report that Entrepreneurship in retirement as a side-job is possible?
If you are retired but have some self-employment income, you will need online Premium software or any version of the desktop download in order to prepare a Schedule C for your business expenses. All of that income goes on the same tax return.
You will pay self-employment tax for Social Security and Medicare.
**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.**