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March 8, 2022
Question

Getting payed through cashapp how to report

  • March 8, 2022
  • 1 reply
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I am currently 17 and I work babysitting plus have two W-2 forms how will I file my cashapp money made.

1 reply

March 8, 2022

Your babysitting income is considered self-employed income.  

To enter your self-employment income click the following:

  • Federal
  • Income and Expenses
  • Show More next to Self-Employment
  • Start or Revisit next to Self-Employment
  • Yes, to you have any self-employment income or expenses
  • Enter the type of self-employment work you do
  • Click through a few more screens and you will get to a screen that says "Your XX info"
  • Click Looks good
  • Then you will come to a screen that says Let's enter the income for your business.  It will give you the option of 1099-NEC or Other self-employed income including the 1099K , cash and checks.  Select the one that applies to you and hit continue
  • If you do not select one, it will not let you enter your income
  • Enter your self-employment income on the next screen
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