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Yes, you need to include income from all sources on your return. You will need to report the entire amount as business income, then include materials as an expense.
To enter your self-employment income click the following:
If you are traveling to client sites, you would be able to deduct your mileage or actual vehicle expenses. Plus any other expenses incurred to do your job.
This income will be reported on Schedule C which is part of your overall tax return. This also means you will be subject to SE Tax. If you did not pay SE Taxes in 2023, and if you plan to do this again in 2024, it may be a good idea to make quarterly estimated payments to cover your SE taxes of 15.3% and avoid penalties.
Taking Business Expense Deductions
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