Yes, you do have to report it if you made more than $400 for babysitting. Your babysitting income isconsidered self-employment income and should be reported as such. Here is dataentry: Federal Taxes Wages and Income Self-Employment, Select Income and Expenses - follow the interview questions; you would report the income as if you own a business; you will be able to enter your income and expenses (if applicable). Note: you may be asked toupgrade to a higher version of TurboTax.

Question

Do I have to report money received from baby sitting as earned income?

Forum|Forum|7 years ago
June 6, 2019
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MargaretL

Employee

Yes, you do have to report it if you made more than $400 for babysitting. Your babysitting income is considered self-employment income and should be reported as such. Here is data entry:

Federal Taxes
Wages and Income
Self-Employment, Select Income and Expenses - follow the interview questions; you would report the income as if you own a business; you will be able to enter your income and expenses (if applicable).

Note: you may be asked to upgrade to a higher version of TurboTax.