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If I get paid monthly via PayPal by 6 clients then total all of the payments at year's end for my gross income, what type of income is this considered?

Is this considered common income form 1099-NEC, other self-employed income, or Less common income?
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2 Replies
ColeenD3
Expert Alumni

If I get paid monthly via PayPal by 6 clients then total all of the payments at year's end for my gross income, what type of income is this considered?

It is self-employment income. You are earning this money. Since you are not an employee who receives a Form W-*2, you are by default, self-employed.

 

You can report this on Schedule C.

 

Schedule C is supported in TurboTax Self-Employed (both online and in the mobile app) and in all personal 1040 versions of the TurboTax CD/Download software.

To set up your business:

  1. Open or continue your return.
  2. Search for schedule c and click the Jump to link in the search results.
  3. Answer Yes to Did you have any self-employment income or expenses?
    • If you've already entered self-employment work and need to enter more, select Add another line of work.
  4. Follow the onscreen instructions.

 

 

If I get paid monthly via PayPal by 6 clients then total all of the payments at year's end for my gross income, what type of income is this considered?

Thank you, Coleen. Actually, I had trouble finding "jump to". But I just kept plowing ahead and it all became clear. 

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