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How do I claim a very small commission for additional income so that I do not get fined later?

 
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1 Reply
PhyllisG
New Member

How do I claim a very small commission for additional income so that I do not get fined later?

You can report your commission on line 21 of the Form 1040 Schedule 1.

Do this while in your return:

  1. Select Federal in the menu to the left
  2. Select the Wages & Income tab
  3. Scroll to Less Common Income under the All income heading
  4. Scroll and click Start, next to Other Miscellaneous Income, Form 1099-A,1099-C
  5. Scroll to Other Reportable Income, and click Start
  6. Enter a description for your commission then enter the taxable dollar amount
  7. Click the Done button if you have no other miscellaneous income to enter.

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