How to enter income from taking stuff to the junkyard?

[billk2047]

Recycled junk metal.

[RayW7]

You would enter this as "Other Income".

Please follow the instructions below to report your cash (check)  income on line 21:

• Click Federal Taxes -> Wages & Income and scroll down to Less Common Income
• Go to the last selection, Miscellaneous Income and click Start
• Go to the last option, Other reportable income and click Start
• When it asks, "Any other reportable income?" say yes and then type in a description and the amount to report it on your tax return.

Note: if you had any expense associated with this income you could enter both income and expense in Schedule C.

If you are wanting to find the section within TurboTax where you either enter or have entered your self-employment income and expenses which will be reported on Schedule C of your tax return, do the following steps:

1. After signing into TurboTax, select "Take Me to My Return"
2. Type "Schedule C" in the search field at the top right hand of the screen.
3. Select "Jump To Schedule C" and you will be brought to the section of TurboTax where you can enter or have entered your business income and expense information.

[billk2047]

Thanks, that worked! It also carried over automatically to the state return!

[RayW7]

Your Welcome!