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linsey-harper
New Member

Self employed filing taxes

If I made under $10,000 through paypal in 2016, do I need to report it?
9 Replies
Critter
Level 15

Self employed filing taxes

You must report every $1 that you make as a self employed individual.  Failure to do so will get you a nasty letter from the IRS in a year or so.

linsey-harper
New Member

Self employed filing taxes

where do i find the schedule c if I dont have a 1099
SweetieJean
Level 15

Self employed filing taxes

Didn't Paypal send you a 1099-K?
xmasbaby0
Level 15

Self employed filing taxes

Yes.  If you made at least $400 in self-employment income it has to be reported on a tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
linsey-harper
New Member

Self employed filing taxes

If i dont have a 1099 where can i find a schedule c
Critter
Level 15

Self employed filing taxes

To get to Schedule C in TurboTax :

1. Go to "Business" at the top of the screen

2. Select "Continue" then "I'll choose what I work on"

3. Select "Start" next to "Business Income and Expenses"

4. Proceed to enter your business information and answer the interview questions

5. When you get to the "Your Business" page: Business Profile, Business Income and Expenses, Inventory/Cost of Goods Sold etc., this is Schedule C


In the income section skip the 1099-misc entry screen and enter all your income in the General income screen ...

linsey-harper
New Member

Self employed filing taxes

im not seeing business at the top of my screen
Critter
Level 15

Self employed filing taxes

Crud ... you have the other program ... wish they would have left things alone.  

Ok ... FEDERAL taxes ... SELF EMPLOYMENT ... follow the interview screens.
Critter
Level 15

Self employed filing taxes

And it is called ADDITIONAL INCOME  instead of General Income.
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