1647869
You'll need to sign in or create an account to connect with an expert.
Just enter it as Cash or General income. You don't need to get a 1099Misc or 1099K. Even if you did you can enter all your income as Cash. Only the total goes to schedule C.
How to enter income from Self Employment
If you are self-employed, you are required to keep accurate business records of all your income and expenses and report it on your tax return even if you do not get any paperwork.
A 1099-K form is not issued by individual clients. The 1099-K would be issued to you by payment processors, such as square or Venmo or eBay, if they pay pass through a certain amount of money to you, and the threshold is much higher than $600. (i’m too lazy to look it up right now.) If another business hires you, they are required to issue a 1099 – MISC if they pay you more than $600 in a year. Individual clients who are not businesses, who simply hire you to do a job, are not required to give you any tax paperwork. That is why you are required to keep your own business records.
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.
aduggan50
New Member
AnneProf
Level 1
OrangeBook
New Member
joehobbes58
Level 1
somethingother
Level 1