Solved: If I only earned $447.51 with home business, do I have to claim?

If I only earned $447.51 with home business, do I have to claim?

posted

Yes, the IRS requires all income to be reported.

However, if $447.51 is all the income you earned in 2016, and your net income (after expenses) is less than $400, you are not required to file a return

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Yes, the IRS requires all income to be reported.

However, if $447.51 is all the income you earned in 2016, and your net income (after expenses) is less than $400, you are not required to file a return