I've earned money helping family and they were paying me with strictly cash. Do I need to report it? If I do, how would I report it on my tax return this year?
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I've earned money helping family and they were paying me with strictly cash. Do I need to report it? If I do, how would I report it on my tax return this year?
It was over 400 dollars worth of work.
posted
February 9, 202510:59 AM
last updated
February 09, 202510:59 AM
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I've earned money helping family and they were paying me with strictly cash. Do I need to report it? If I do, how would I report it on my tax return this year?
Yes, you would report the cash earned on a Schedule C, which is used to report earnings from a side gig or business you may have. Since you will file a Schedule C, you are can deduct ordinary and necessary expenses that are related to earning that income.