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yramos92
February 6, 2023
Question

I make reels on Instagram, and this past year I started making a few $50-$100 a month with them. I got a 1099-MISC. Is this considered self employment?

  • February 6, 2023
  • 1 reply
  • 0 views
It's just a reels bonus, so not sure how to file it. I put it under my 1099-MISC, but TurboTax is pulling it as Self Employment. Help!

1 reply

CatinaT1
CatinaT1
February 6, 2023

Yes, you would be considered self-employed and file a Schedule C.  You may also enter any expenses related to earning this income. You do not have to carry on regular full-time business activities to be considered self-employed.

  

These links will be helpful to you: 

Self-Employed Tax Center  

Tax information for Businesses  

   

To file a Schedule C, here are the steps:  

Sign in to your account and select Pick up where you left off  

At the right upper corner, in the search box, type in schedule C and Enter   

Select Jump to schedule C   

Follow prompts, you might be prompted to an upgrade if you have expenses  

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