turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
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.

Payments via mobile apps

How do I list monies paid via Cashapp?  Do they get listed as cash payments for self employed persons
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.

2 Replies

Payments via mobile apps

What was it paid for?  For people you paid?  That would be Contract Labor on Schedule C line 11.  You need to give a 1099NEC to anyone you paid $600 or more to for the year. But not to corporations or for merchandise. You send the IRS a copy of the 1099Misc with the transmittal summary form 1096. These are due to the person by Jan 31 and to the IRS by Jan 31 also.

TeresaM
Expert Alumni

Payments via mobile apps

You will divide the payments made via Cash App into the categories of qualified business expenses on your Form Schedule C.  Please retain your Cash App year-end summary for your documentation. 


As per @VolvoGirl if you made more than $600 in payments for non-employee services, you will need to file a Form 1099-NES with the IRS by Jan 31st. Turbotax will prompt you to complete these in the business section of your return. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies