I have money I havent withdrawn that is on an online platform. Do I have to report it even if I havent cashed it out?

Forum|Forum|1 year ago
February 14, 2025
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VolvoGirl

Employee

Is it for investments? Did you get any form for it? Like a 1099INT 1099DIV 1099B 1099R 1099MISC etc.

arckat64Author

I am self employed I got a 1099 for my independent work but in one marketing platform I earned for the year I have not withdrawn the money and I did not get any form.

VolvoGirl

Employee

Oh for self employment you have to report all your income even if you didn't cash it out. Was it under $600?

Just enter it as Other self employment income or as Cash or General income. You don't need to get a 1099NEC or 1099K. Even if you did you can enter all your income as Cash. Only the total goes to schedule C.

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