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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1 Best answer

Intuit Alumni

Jun 4, 2019 1:34:51 PM

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]

Intuit Alumni

Jun 4, 2019 1:34:51 PM

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