No, you do not file a 1099-MISC Miscellaneous Income form. 1099-MISC forms are usually given to independent contractor's from people/companies they have worked for but are not their W-2 employee's.
Note: You can deduct your business related expenses, like mileage, costumes, supplies, etc., on your income tax return.
Even if you received cash, the
IRS says all income is taxable and you have to claim it on your income
tax return.
When you have self-employment income, the IRS:
- Requires
you to complete Schedule C, Profit or Loss From Business.
- You
can deduct expenses related to the income.
- Requires
you to pay self-employment (social security and Medicare).
To enter your Self employed income that was
from cash or personal
checks or credit card payments:
- Log
on to TurboTax and click on the orange button, Take me to my return.
- Type sch c in the Search box.
- Click
on “Jump to” link.
- This
will take you to where you can enter any cash, personal checks or credit card
payments (Form 1099-K) related to your self-employment.
- You
may be asked some general questions about your business.
- After
you answer them, you’ll be taken to the Your XXX Business screen, click start/update on Business
Income.
- On the Business Income screen, click start/update on General Income.
- Enter the income on the Tell us about additional income for your XXX
work screen.
- You
would also access the Business Expenses entry screens on the Your
XXX Business screen.
See the screenshots below.
Related information:
