Reporting income from a DBA

Forum|Forum|1 year ago
January 29, 2025
1 reply
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About 1/3 of my son's income in 2024 was posted to a DBA account. Is a Schedule C required to report this income? If yes, which version of Turbotax is required? The business expense associated with the DBA will be relatively low. If the business expenses are not reported, is Schedule C still required?

Ask the Experts - Family Tax II - Jan 2025

RobertB4444

Level 15

A DBA is just the name your son operates as, so yes he has to report this income on schedule C if he earned more than $400. If he did earn more than that then a schedule C is required even if he doesn't report any expenses.

If you use TurboTax online to do his taxes then the system will add anything necessary in order to be able to do all the forms he needs.

@trberkovich

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