Question

the $600 income on an app

Forum|Forum|3 years ago
August 31, 2022
1 reply
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Hi I create and sell Custom wigs, I've received over $600 on CashApp for wigs and hair installs. Am I considered Self-Employed and will I get a 1099 to file taxes? Also can I file taxes with dependents if this is my only income?

Gabriella_EA

You're generally considered self-employed if you create and sell custom wigs regularly and with an intent to make money. It could also be a hobby, but from what you described, this sounds like a business. You should expect to receive a 1099-K from CashApp, and you can use this 1099-K to file as self-employed with TurboTax. Make sure you report all the income you receive from selling custom wigs, regardless of whether it's reported to you on a 1099.

There are a number of different rules to be considered for whether you qualify to claim dependents. You can read more about that here!

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