Where in TurboTax to report influencer gifts?

As this YouTube video created by TurboTax states regarding influencer gifts:

"As a rule of thumb, you are expected to pay taxes on any items from a brand if you are expected to perform a service in exchange for those items."

Exactly How/Where in TurboTax do I report these types of gifts?

Please tell me how to navigate to or what to click on in the TurboTax interface so I get to the screen where I can enter these type of gifts?

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1 Best answer

Expert Alumni

Mar 23, 2025 10:00:29 AM

Your work as an influencer where you received items in exchange for work should be reported on Schedule C.

Here's how to report Schedule C Income from self-employment in TurboTax Online:

Navigate to Federal > Wages & Income > Self-employment income and expenses > Start
Answer "Yes" to the question "Did you have any self-employment income or expenses?"
Give a description of the business
Continue until the interview asks "how does your work fit into your big picture?", based on the information you provided, it's a business or side job.
Answer all the informational questions until you get to the screen "Let's enter the income for your work." Here, enter what you were paid, including the fair market value of items received in exchange for work.
Once you've entered your income, type in your expenses in the proper categories, TurboTax Online will recommend popular categories, but refer to your records to ensure you are deducting all of your expenses

Here is some information you may find helpful: What Is a Schedule C IRS form?

Expert Alumni

Mar 23, 2025 10:00:29 AM

Your work as an influencer where you received items in exchange for work should be reported on Schedule C.

Here's how to report Schedule C Income from self-employment in TurboTax Online:

Navigate to Federal > Wages & Income > Self-employment income and expenses > Start
Answer "Yes" to the question "Did you have any self-employment income or expenses?"
Give a description of the business
Continue until the interview asks "how does your work fit into your big picture?", based on the information you provided, it's a business or side job.
Answer all the informational questions until you get to the screen "Let's enter the income for your work." Here, enter what you were paid, including the fair market value of items received in exchange for work.
Once you've entered your income, type in your expenses in the proper categories, TurboTax Online will recommend popular categories, but refer to your records to ensure you are deducting all of your expenses

Here is some information you may find helpful: What Is a Schedule C IRS form?