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Level 1
posted May 16, 2020 2:15:33 PM

If my income for my LLC is from Shopify payments, checks and cash, do I select "Other self-employed Income"? I'm in Small Business edition.

My business is a single-owner LLC.  People pay the biz directly.  Options for income on this screen are: 1099-misc, Other self-employed income (1099-k, cash and checks), Uncommon income, and Import from a payment processor (but this only shows Square as an option).

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2 Replies
Level 15
May 16, 2020 2:49:22 PM

....do I select "Other self-employed Income"?

 

That would appear to be the most appropriate choice. It actually does not make much of a difference since all of the income you report in that section of the program winds up on Line 1 of Schedule C anyway (see screenshot).

 

Level 1
May 16, 2020 3:21:46 PM

Thank you!!  I thought I was missing something, since that option sounded a little more esoteric than I expected.  Weird that they have a special category just for Square, but no option if you get most of your income from another online processor.  - Phyllis