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Level 1
posted Jan 9, 2024 3:42:08 PM

Which form would be best for me to file? I have a 7 year old son that I am claiming as a dependent. I worked in 2023 but was paid in cash thru zelle & didnt get a 1099

I was also paid thru cash app and paypal.  Which form will work best for me to file and can I qualify for the refund advance?

0 3 305
3 Replies
Level 15
Jan 9, 2024 3:46:10 PM

If you do not have a W-2 or a 1099 showing your income, no, you will not be eligible for the advance loan.

 

You have self-employment income and will need to use any version of the CD/download or online Premium in order to complete a Schedule C for your business expenses.

 

If your self-employment income was only from cash, personal checks, credit card payments, or cryptocurrency 

Type Schedule C in the Search box and then select the Jump to link. This will take you to where you can enter any cash, personal checks, credit card payments, or cryptocurrency (Form 1099-K) related to your self-employment. You may first be asked some general questions about your business. After you answer them, you’ll be taken to the Let's get income for (your line of work) screen where you can enter this income as Additional Income.

 

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/form-1099-nec/1099-nec/L5qTsBiSe_US_en_US

 

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653

 

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

 

https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax

https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c

 

 

https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct

 

 

 

Or—-Use this IRS site for other ways to file for free.  There are 8  free software versions available from the IRS Free File site

 

https://apps.irs.gov/app/freeFile/

Level 15
Jan 9, 2024 5:17:26 PM

You are self-employed. You are required to report your income from your own accurate business records, even if you don’t receive tax paperwork from your customers or any payment processing company. You may deduct legitimate business expenses if you kept records, and you pay income tax and self-employment tax on the net profit.

Level 15
Jan 9, 2024 5:25:31 PM