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New Member
posted Feb 28, 2023 7:46:33 AM

Paypal has informed me that my earnings do not qualify for a 1099 k form. How do i make sure i am compliant with the tax code?

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2 Replies
Level 15
Feb 28, 2023 7:56:38 AM

If you have income of $400 or more from self-employment you are required to report that self-employment income regardless if you received a Form 1099-K or not.

Expert Alumni
Feb 28, 2023 8:10:35 AM

Even if you don't receive a 1099-K, you're still required to report any business income you receive through these platforms on your income tax return.  

 

Here's how to add your self-employment income:

  1. Open or continue your return
  2. Search for schedule c and select the Jump to link in the search results
  3. Answer Yes to Did you have any self-employment income or expenses?
    • If you've already entered self-employment work and need to enter more, select Add another line of work
  4. Follow the on-screen instructions