Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
jesse-smith0810
New Member

How do I file a tax return when I am a professional dancer?

 
1 Best answer

Accepted Solutions
Hal_Al
Level 15

How do I file a tax return when I am a professional dancer?

The IRS considers  undocumented cash income (no W-2 or 1099-MISC), for work performed, to be self employment income. Enter at "Business Income & Expenses" and TurboTax (TT) will complete Schedule C or C-EZ for you and allow you to deduct any expenses associated with this income. You'll also have to pay self employment tax (social security) on any profits greater than $400.

You may have to upgrade to the Self Employment version of TT. You cannot use the free edition. But you may want to try this first: https://turbotax.intuit.com/taxfreedom

View solution in original post

1 Reply
Hal_Al
Level 15

How do I file a tax return when I am a professional dancer?

The IRS considers  undocumented cash income (no W-2 or 1099-MISC), for work performed, to be self employment income. Enter at "Business Income & Expenses" and TurboTax (TT) will complete Schedule C or C-EZ for you and allow you to deduct any expenses associated with this income. You'll also have to pay self employment tax (social security) on any profits greater than $400.

You may have to upgrade to the Self Employment version of TT. You cannot use the free edition. But you may want to try this first: https://turbotax.intuit.com/taxfreedom

Dynamic AdsDynamic Ads
Privacy Settings
v