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I payed individuals cash to help me with my part-time work. How do I deal with that. It should reduce my income by $4800.00

 
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BobB7
New Member

I payed individuals cash to help me with my part-time work. How do I deal with that. It should reduce my income by $4800.00

ARE you self employed?  

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2 Replies
BobB7
New Member

I payed individuals cash to help me with my part-time work. How do I deal with that. It should reduce my income by $4800.00

ARE you self employed?  

Hal_Al
Level 15

I payed individuals cash to help me with my part-time work. How do I deal with that. It should reduce my income by $4800.00

You will need to upgrade to TurboTax (TT) Self Employed. You can enter your contract labor expenses, on schedule C, in the TT interview. 

Be advised that you are required to issue each person that you paid more than $600 a form 1099-Misc. TT Self Employed can do this for you. If you fail to file the 1099s, the IRS can disallow your labor deductions and impose a failure to file penalty.

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