My wife had a very small amount of income from tutoring last year ($150), all in cash or checks. This is not a business but just something she does on the side for some extra money. Is there a minimum amount to claim this? If the amount doesn't matter, how should I claim this?
Thank you for your help,
Rob S.
Yes, when the total income is less than $400, and no W-2 or 1099 form was issued, you can report the amount as miscellaneous taxable income.
Here's how to do that in TurboTax:
Yes, when the total income is less than $400, and no W-2 or 1099 form was issued, you can report the amount as miscellaneous taxable income.
Here's how to do that in TurboTax: