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March 21, 2023
Question

If I earned less than $600 from my MLM business, did not receive a 1099 form or a schedule C, am I still qualified to write off business expenses like hotel and airfare?

  • March 21, 2023
  • 1 reply
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Any insight from the Turbo Tax Community will help!

1 reply

March 21, 2023

Yes, you are supposed to claim your income and expenses from self-employment even if you don't receive a 1099 reporting the income. 

 

You claim the income and expenses by filing a Schedule C with your tax return. To do this in TurboTax:

 

 

  1. Open you return and select Federal on the left side menu.
  2. Under  Wages & Income, find Self-employment income and expenses.
  3. Select Start/Edit to the right.
  4. Answer the first question Yes. 
  5. Enter your self-employment income and expenses in this section.

 

One word of caution, while it is common to have losses in the first years of a new business, it is risky to continue claiming a self-employment loss for more than three years in a row. Click here to learn more about this. 
 

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