I baby sit I get paid $200 every 2 weeks

Forum|Forum|2 years ago
January 29, 2024
1 reply
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I don't have a 1099 form

TurboTax Live Basic Online

Best answer by JulieS

Yes, that income is taxable and you are supposed to report it even if you don't get a 1099-NEC form or a W-2 form.

If you intend to deduct any expenses related to your babysitting income, you need to report it in the self-employment section of TurboTax as Carl points out.

If you don't have any expenses to claim, it's easier to claim it here:

Open your return.
Scroll down to Wages & Income. Expand the section by selecting the down arrow.
Select Add more income or Pick up where you left off.
Scroll down to Less Common Income at the bottom. Expand the section by selecting the down arrow.
Select Start or Revisit to the right of Miscellaneous Income, 1099-A, 1099-C.
Select Start or Revisit to the right of Other income not already reported on a Form W-2 or Form 1099.
Answer Yes to Did you receive any other wages? and select Continue.
Enter the total amount your earned in the box next to Household Employee Wages.
Answer the remaining questions in the section.

Carl11_2

Employee

As far as the IRS is concerned, your baby sitting income is self-employment income, and you were self-employed while earning that income. You do not need a 1099 of any type. However, you are still required to report that income.
It get's reported as self-employment (Business) income on SCH C as a part of your 1040 tax return. If using the online version, then you'll need to upgrade to Premium for the SCH C. My screen shows your using the online version of TTX Basic, which doesn't have the needed SCH C form in it.

Note that you will also be able to deduct from that business income, any expenses you may have incurred in the process of earning that income.

JulieSAnswer

Yes, that income is taxable and you are supposed to report it even if you don't get a 1099-NEC form or a W-2 form.

If you intend to deduct any expenses related to your babysitting income, you need to report it in the self-employment section of TurboTax as Carl points out.

If you don't have any expenses to claim, it's easier to claim it here:

Open your return.
Scroll down to Wages & Income. Expand the section by selecting the down arrow.
Select Add more income or Pick up where you left off.
Scroll down to Less Common Income at the bottom. Expand the section by selecting the down arrow.
Select Start or Revisit to the right of Miscellaneous Income, 1099-A, 1099-C.
Select Start or Revisit to the right of Other income not already reported on a Form W-2 or Form 1099.
Answer Yes to Did you receive any other wages? and select Continue.
Enter the total amount your earned in the box next to Household Employee Wages.
Answer the remaining questions in the section.