I work in the social media field, and I get paid through paypal only but did not meet their $20,000 threshold to receive a 1099 form, so I do not have a tax form, How do I go about reporting my income to turbotax?
Also, I do have a 1099 form from a website that helps me get jobs as well, how do I report both?
If you have not received Form 1099-MISC from one or more of the businesses/people you worked for during the year, but you know the amount of income that needs to be reported, you can continue with preparing your return.
Note: All 1099s are required to be placed in the mail no later than January 31, 2017. It is possible that you will still receive 1099s into February.
You do not need to have Form 1099-MISC in-hand to report the income.
You will not have any problems with your return, as long as the income you report on your Schedule C equals or exceeds the total amount reported on any 1099s that are filed reporting your income (if any are filed).
When you enter the information in TurboTax, just select Additional Income (see screenshot below) to report income for which you have not received a 1099.
Also, I do have a 1099 form from a website that helps me get jobs as well, how do I report both?