1826205
You'll need to sign in or create an account to connect with an expert.
Any income you receive through PayPal, whether or not it's reported on form 1099, must be included on your tax return.
Even if you don't operate a formal business, you will still be required to report the income on Line 21, “Other Income” on IRS Form 1040, Schedule 1.
In TurboTax report it in
Report any other taxable income here, including:
- Taxable court settlements
- Punitive damage awards from lawsuits
- Executor's fees if you're not in the business of being an executor
- Other taxable income
You may or may not receive a Form 1099-NEC or 1099-MISC from PayPal reflecting the work you performed. Please see the TurboTax Help article If I didn't get a 1099-NEC or 1099-MISC, do I still need to report the income? Even if it's less tha... for more information and entry guidance.
Also see the TurboTax Help article "How do I report income from self-employment?" for guidance on entering these payments.
You're generally considered to be self-employed if you work as an independent contractor, consultant or freelancer, even if you also have a salaried job.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
RyanK
Level 2
gobedoer
New Member
DennisK1986
Level 2
user17532048095
New Member
soccerdad720
Level 2