Two forms of self-employment income, one was over the $600 threshold and other was under. Questions about how to file properly.

[elifeli1]

How do I report tax on two forms of self employment income, both incomes were from different jobs. One of the incomes was under the $600 irs threshold, and the second one was over the $600 threshold that requires payment of self employment tax and I received a 1099-misc for this income. Do I report the income under $600 as other income on line 21 of the 1040 or do I have to fill out a schedule-c?

[VolvoGirl]

Sorry it goes on Schedule C with your other 1099Misc.  The $600 threshold refers to the min amount the payer has to file the 1099Misc.  Not to you.  You have to report all your income even if you don't get a 1099Misc or even if it is less than $600.

 Self Employment tax (Scheduled SE) is automatically generated if a person has $400 or more of net profit from self-employment.  You pay 15.3% SE tax on 92.35% of your Net Profit greater than $400.  The 15.3% self employed SE Tax is to pay both the employer part and employee part of Social Security and Medicare.  So you get social security credit for it when you retire.   

[elifeli1]

Would the amount that I didn’t receive a 1099 for be considered other income, line 21 of the 1040, since the company didnt and wasnt required to send me a 1099 because it’s under the $600 mark? I also don’t have their tax identification number so how would I fill out a schedule c without a 1099-misc that states their identification number?

[DoninGA]

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@elifeli1 wrote:

Would the amount that I didn’t receive a 1099 for be considered other income, line 21 of the 1040, since the company didn’t required send a 1099 because it’s under the $600 mark? I also don’t have their tax identification number so how would I fill out a schedule c without a 1099-misc that states their identification number?

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You do not need a 1099-MISC to report your self-employment income.  Just select Other self-employed income. Includes 1099-K, cash, and checks

[elifeli1]

Where? I don't see this tab that you listed in bold?

[VolvoGirl]

Did you see this FAQ on how to enter self employment income?  It has 2 sections, if you got a 1099Misc and if you just got cash

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/...

[VolvoGirl]

When you start the self employment section you may have to go though a lot of screens asking about your business.  Eventually you will get to this income screen.

[elifeli1]

Thanks so much I finally understand