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February 13, 2021
Question

Hello! I have an MLM business that generated under 500$ last year. The MLM does not provide any tax forms for under 600$ in earnings. How do I report this money?

  • February 13, 2021
  • 1 reply
  • 0 views
This is not my only source of income.  I think I would use the 1099-NEC but they don't give those out for those earning under 600.

1 reply

KrisD15
February 13, 2021

You would report the earnings as cash under Self-employed income. 

 

The IRS requires ALL taxable income be reported, so although you earned less than the amount for a 1099-NEC, you would still report the income. 

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