Yes. You need to enter all of your earnings on your tax returns. This income is considered self-employment income and should be reported on a Schedule C.
For tax purposes, self-employment income includes any part-time businesses or "side work" performed in which you are in business for yourself, rather than another person. You are also considered self-employed if you engage in business-like activities where you intend to make a profit. This would require TurboTax Home & Business (CD product) or TurboTax Self-Employed (online version).
For additional information on being self-employed, please see Am I considered self-employed?.
Please follow the steps below to complete your Schedule C:
Yes. You need to enter all of your earnings on your tax returns. This income is considered self-employment income and should be reported on a Schedule C.
For tax purposes, self-employment income includes any part-time businesses or "side work" performed in which you are in business for yourself, rather than another person. You are also considered self-employed if you engage in business-like activities where you intend to make a profit. This would require TurboTax Home & Business (CD product) or TurboTax Self-Employed (online version).
For additional information on being self-employed, please see Am I considered self-employed?.
Please follow the steps below to complete your Schedule C: