I have my own business, however it did not qualify this year for a 1099K. Do I still need to report that income? Do I just total my sales?

tiamarie08 — Sat, 01 Jun 2019 15:08:40 GMT

Yes, you should report all your income, even if you did n...

KittyM — Sat, 01 Jun 2019 15:08:42 GMT

Yes, you should report all your income, even if you did not receive a 1099-K. You can total your sales and enter them as cash income in your Schedule C. Here's how:

In your Federal return, choose the tab for Income & Expenses.
Scroll down to Self-employment income and expenses and click on the Start/Edit button
On the Here's your work info page, scroll down and click the button on the left titled Add income for this work.
On the page Let's enter the income for your [Name] work, choose the second radio button Other self-employed income. Includes 1099-K, cash, and checks.
On the next page Tell us about other self-employed income for your [Name] work, "Cash Income" in the box labeled "Type of income" and enter the amount of money you received.
Continue to complete the interview.

topic I have my own business, however it did not qualify this year for a 1099K. Do I still need to report that income? Do I just total my sales? in Get your taxes done using TurboTax

I have my own business, however it did not qualify this year for a 1099K. Do I still need to report that income? Do I just total my sales?

Yes, you should report all your income, even if you did n...