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Where do I list money made/recieved from a Metal Recyling company?...metal I collected and took to them for recyling and was paid for the weight?
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Where do I list money made/recieved from a Metal Recyling company?...metal I collected and took to them for recyling and was paid for the weight?
Your best bet would be to file a separate Schedule C (Profit or Loss from Business) for that income. That will enable you to deduct expenses like mileage, supplies, carts.
You can get to that section of TurboTax by following the instructions below. You would then need to walk through the questions to enter that recycling income. Continue through the questions to enter your deductions from income such as mileage, supplies, etc.
Instructions- With your return open, search for this exact phrase: business (schedule c) (include the parentheses) and then click the "Jump to" link in the search results.
- Answer Yes when asked if you had (or want to work on) business income and expenses for 2016.
- Walk through the rest of the questions and continue your return.
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