I'm a self employed hair stylist. Where do i add my tips on TurboTax Self-Employed Tax Prep Checklist? Thanks

[RodEgby]

It says total gross and gst.. tips aren't taxed with gst..

[pk]

@RodEgby , under current laws, tips are treated as ordinary & active income.  So on your schedule-C, you show this as gross income.   TurboTax will walk you through filling out the  Schedule-C.  Note that the net income from Schedule-C  will trigger filing of Schedule -SE   and therefore the SECA tax  ( this is the equivalent of FICA taxes  paid by wage earners except it is at 15.3% of the  income --- Social Security and Medicare tax and because you have no employer to share with ).

Does this make sense ?   Is there more I can do for you ?

[DawnC]

You can include the tips with your other business income.   Tips are general or other self-employment income.   All cash revenue can be reported on the same place on Schedule C in TurboTax as it is all taxed the same.   Where do I enter self-employment income.