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cmanick
New Member

As a poet and editor, do I need to report money I receive from doing poetry readings? In most cases its $50

 
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Leonard
Intuit Alumni

As a poet and editor, do I need to report money I receive from doing poetry readings? In most cases its $50

The IRS requires that all income be reported.  You will report your income and expenses related to generating your income on Schedule C Profit or Loss From Business.  You can complete a Schedule C using TurboTax Deluxe. 

  • To access Schedule C enter schedule c in the search box.
  • Then select Jump to schedule C in the results window.
  • Follow the prompts to enter your Schedule C information.

[Edited 03/10/2020 | 9:35 am PDT]

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1 Reply
Leonard
Intuit Alumni

As a poet and editor, do I need to report money I receive from doing poetry readings? In most cases its $50

The IRS requires that all income be reported.  You will report your income and expenses related to generating your income on Schedule C Profit or Loss From Business.  You can complete a Schedule C using TurboTax Deluxe. 

  • To access Schedule C enter schedule c in the search box.
  • Then select Jump to schedule C in the results window.
  • Follow the prompts to enter your Schedule C information.

[Edited 03/10/2020 | 9:35 am PDT]

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