Solved: Can i get example of earn income?
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

Can i get example of earn income?

 
1 Best answer

Accepted Solutions
Highlighted
Expert Alumni

Can i get example of earn income?

Here is a good TurboTax article that talks about earned income:  What is earned income?

 

Some of the content is below:

 

The IRS defines earned income as:

  • Taxable income you earned as an employee, such as wages, salaries, commissions, and tips
  • Profits from operating your business or farm
  • Long-term disability pay, if received before the minimum retirement age
  • Union strike benefits
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

2 Replies
Highlighted
Level 3

Can i get example of earn income?

Earned Income is reported on a W2 or a 1099 Misc as Non-employee Compensation, or any income from a business you are the owner (not rental property, but trade or business reported on Schedule C.)

Highlighted
Expert Alumni

Can i get example of earn income?

Here is a good TurboTax article that talks about earned income:  What is earned income?

 

Some of the content is below:

 

The IRS defines earned income as:

  • Taxable income you earned as an employee, such as wages, salaries, commissions, and tips
  • Profits from operating your business or farm
  • Long-term disability pay, if received before the minimum retirement age
  • Union strike benefits
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

Privacy Settings