https://ttlc.intuit.com/community/business-taxes/discussion/small-business/01/3790560#M127550 <P>My son has a small business on the side repairing cars and motorcycles. He probably made around $2000 last year. He carries no inventory; has few deductions. Is a schedule C needed or is there a simple way to report this income? Thanks.</P> Fri, 20 Feb 2026 15:13:26 GMT TRW 2026-02-20T15:13:26Z https://ttlc.intuit.com/community/business-taxes/discussion/small-business/01/3790560#M127550 <P>My son has a small business on the side repairing cars and motorcycles. He probably made around $2000 last year. He carries no inventory; has few deductions. Is a schedule C needed or is there a simple way to report this income? Thanks.</P> Fri, 20 Feb 2026 15:13:26 GMT https://ttlc.intuit.com/community/business-taxes/discussion/small-business/01/3790560#M127550 TRW 2026-02-20T15:13:26Z https://ttlc.intuit.com/community/business-taxes/discussion/re-small-business/01/3790574#M127551 <P>Yes, a schedule C is needed. Since your son earned more than <STRONG>$400</STRONG> from his repair work, the IRS requires him to report this as self-employment income. Even without inventory or many deductions, the IRS uses Schedule C to determine "Net Profit."&nbsp;</P> <P>&nbsp;</P> <P>He will owe approximately <STRONG>15.3%</STRONG> in Social Security and Medicare taxes on that profit, regardless of whether he owes any regular income tax.</P> <P>&nbsp;</P> <P>If you still claim him as a dependent on your taxes, he still files his own return.&nbsp;</P> <P>&nbsp;</P> <P>&nbsp;</P> Fri, 20 Feb 2026 15:25:31 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-small-business/01/3790574#M127551 CatinaT1 2026-02-20T15:25:31Z