703969
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

If I helped once as HS test monitor for one day) can't I list this under general/random income, not go through all the "my company" red tape and information?

1.  I do not consider myself a company -- I am just helping a friend although I do get paid.

2.  I do this once each year for Eductional Testing Service in Princeton, NJ

3.  ETS defines "Total Paid for Test Center Services"

4.  The form says "Form 1099-MISC, however, there are no boxes to check--no rent or royalty oreven "non-employee" box.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

If I helped once as HS test monitor for one day) can't I list this under general/random income, not go through all the "my company" red tape and information?

The IRS considers this self-employment work and how you can report it depends on your total self-employment income.

If you made less than $400 from this work and any other self-employment income combined, then you can enter this on Line 21 for Misc Income.  There is a $400 threshold for having to pay self-employment taxes, but this threshold is across all of your self-employment income.

To enter this miscellaneous income -

  • Click on Federal Taxes (may say Personal if using Self Employed or Home and Business)
  • Select Wages and Income 
  • When the page opens, click "Jump to full list” if it is not displaying the full list of income items.
  • Scroll down to the very last item, Less Common Income and click “Show More” to expand the list
  • Select "Miscellaneous Income, 1099-A, 1099-C
  • Select “Other Reportable Income” - the very last item (There is another “other” category that is the first choice - do not use that one)
  • Enter the income amount and a description and this will place the income on Line 21 of Form 1040 

However, if you made $400 or more from this work and any other self-employment income, then you need to pay self-employment taxes on it.  You will have to enter it as business income (even though you may not think of yourself as having a business, that is how the IRS classifies this type of income).  You can do so by performing a search for "Schedule C" and entering the income.

View solution in original post

1 Reply

If I helped once as HS test monitor for one day) can't I list this under general/random income, not go through all the "my company" red tape and information?

The IRS considers this self-employment work and how you can report it depends on your total self-employment income.

If you made less than $400 from this work and any other self-employment income combined, then you can enter this on Line 21 for Misc Income.  There is a $400 threshold for having to pay self-employment taxes, but this threshold is across all of your self-employment income.

To enter this miscellaneous income -

  • Click on Federal Taxes (may say Personal if using Self Employed or Home and Business)
  • Select Wages and Income 
  • When the page opens, click "Jump to full list” if it is not displaying the full list of income items.
  • Scroll down to the very last item, Less Common Income and click “Show More” to expand the list
  • Select "Miscellaneous Income, 1099-A, 1099-C
  • Select “Other Reportable Income” - the very last item (There is another “other” category that is the first choice - do not use that one)
  • Enter the income amount and a description and this will place the income on Line 21 of Form 1040 

However, if you made $400 or more from this work and any other self-employment income, then you need to pay self-employment taxes on it.  You will have to enter it as business income (even though you may not think of yourself as having a business, that is how the IRS classifies this type of income).  You can do so by performing a search for "Schedule C" and entering the income.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question