You 're considered self employed and you would report the income as self-employment income. You'll have to set up a "business". The business will be reported on a Schedule C, Profit or Loss From Business.
- TurboTax will also calculate your self-employment taxes. Those are Social Security and Medicare. In addition to those payroll taxes,
- TurboTax will also calculate federal income tax and state income tax, if you live in a state that has an income tax.
In the TurboTax interview:
- You'll use your name as the business name.
- You'll use your address as the business address.
- You'll use your Social Security Number (SSN) instead of an Employer Identification Number (EIN).
To enter the 1099-MISC form, for self-employment, click here.
If you received income but no 1099-MISC form was issued, enter your cash self-employment income:
- When in your account, select the Take Me to My Return button on the main screen.
- Type Schedule C in the Search box
- Select the Jump to link.
- Answer the general questions about your business (or select Edit at the work summary screen).
- At the Let’s get income for… screen, select Other self-employed Income.
- Or, if the jump to feature does not work:
- On the TurboTax left menu, select Federal.
- On the top select Income & Expenses.
- Scroll down to Self-employment income and expenses.
- At the Let’s get income for… screen, select Other self-employed Income.
- Continue with the onscreen interview until complete.
Depending on your income, you may qualify to use the IRS Free File Program delivered by TurboTax. See What's the difference between IRS Free File Program and Free Edition?
To see if you qualify, click on What is the IRS Free File Program delivered by TurboTax?
If you qualify, see How do I switch to IRS Free File Program delivered by TurboTax?
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