604801
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You'll report your childcare income as self-employment income.
To enter your childcare income in TurboTax:
Please note: If you are using the TurboTax CD/Download software, you'll use the Find function (instead of "My Account") to search for the topic.
Am I considered self-employed? https://ttlc.intuit.com/replies/4771022
If I didn't get a 1099-MISC, do I still need to report the income? Even if it's less than $600? https://ttlc.intuit.com/replies/4772601
The IRS considers undocumented cash income (no W-2 or 1099-MISC), for work performed, to be self employment income. Enter at "Business Income & Expenses" and TurboTax (TT) will complete Schedule C or C-EZ for you and allow you to deduct any expenses associated with this income. You'll also have to pay self employment tax (social security) on any profits greater than $400.
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