I got a 1099 k for completing tasks. I use other platforms as well but didnt receive a form, is that considered self employment or miscellaneous income? Also giftcards?

[arckat64]

are giftcards put in self employment or just taxable income? I do two platforms constantly but others are more passive but its all with completing tasks.

[Opus 17]

Everything you receive of value is considered taxable income, including gift cards or barter items (using the fair market value).  The question is whether this is hobby income, or self-employment.  There are some tests listed here.

https://www.irs.gov/newsroom/hobby-or-business-heres-what-to-know-about-that-side-hustle

https://turbotax.intuit.com/tax-tips/small-business-taxes/when-the-irs-classifies-your-business-as-a...

If it is a hobby, you report the income as hobby income, including the value of gift cards, and including money or gifts that are not included on a 1099-K.  You can't deduct expenses, but you don't pay self-employment tax, just income tax.  If it is a side business, you report all income (even if it is not on a form), you can deduct expenses (if you have any) and you pay income tax and self-employment tax.

[arckat64]

So far I put the 1099 income and then everything else giftcards and cash from the other platforms I put it under other income but again it would all be self employed taxed. So how can i organize it? 

[Opus 17]

If you decide to treat this as self-employment, then you need to upgrade to Premium, because you need to create a schedule C for the business.  You don't enter the 1099-K and value of other items as personal income, you enter them as business income.  You create the business in the program, which gives you a schedule C.  You answer some basic questions about the business, then you enter your business income.  There is a place to enter income that is reported on a form, and there is a place to report cash or barter income that is not on a form. 

[arckat64]

Yes I have premium but im not sure where to put giftcards such as if it should be included in self employment or miscellaneous ? The other income from those platforms I put under other self employed income.