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Level 1
June 4, 2019
Question

Question about my extra income

  • June 4, 2019
  • 1 reply
  • 3 views
If I did some babysitting what proof do I need for extra income

1 reply

June 4, 2019

You will only need proof if questioned by the IRS. You could get written letters from each parent as to the amount they paid you. If are going to continue and they are willing, have them pay you by check. You can keep of track those deposits and even take pictures with your cell.

You will enter your income on Schedule C. You can use Deluxe if you choose not to take any expenses.