Question

Should I add money paid to me for a side gig?

Forum|Forum|3 years ago
January 24, 2023
1 reply
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I worked teaching first aid for a small foundation and made less than $400. There is no W2, it was more a volunteer position, and there are no tax forms. Do I need to report that/how do I do so?

TurboTax Free Edition Online

M

MinhT1

Yes, you have to report this income as self-employed income even if you did not receive a 1099-NEC form.

You report the income you received in cash, checks or bank transfers or without a 1099-NEC as self-employed income under Other self-employed income.

In business income, just under Type of Income, click on Add Income for this work
On the next page, click on the radio button next to Other Self-employed Income
Click Continue to enter your income received in cash, checks or bank transfers.

As your self-employed income is less than $400, you do not have to pay self-employment tax.

If you have expenses related to this business, you can deduct them.

To report your business income and expenses, you'll need to use TurboTax Self-Employed (Online) or TurboTax Home and Business (CD/Download).

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