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posted Jun 3, 2019 1:49:46 PM

I work at a ranch part time and am paid cash with nothing taken out and it is not recorded. Do I file it as a business or what?

I am a Part time employee at a ranch, I am paid by the hour, but my employeers do not take out taxes or Social Security. I am paid cash. Do I file as a business?

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1 Replies
Level 15
Jun 3, 2019 1:49:47 PM

Yes, you will need to report this income as self-employment income.  You may not own a business, but your business if "you".  You're considered an independent contractor.  To enter the cash income you've earned, see the instructions below from a TurboTax FAQ.  TurboTax will generate for you a Schedule C, and you'll also owe self-employment tax on your net income over $400 for the year.  If you have any business expenses associated with this income, entering them will lower your tax liability.

"Am I considered self-employed?"

https://ttlc.intuit.com/replies/4771022


"How do I report income from self-employment?"

https://ttlc.intuit.com/replies/4801198