Yes, if you are required to file then all income must be reported. Money earned as a subcontractor is reported as self-employment income on schedule c. You will not owe self-employment tax on such a small amount. Please follow the directions below to enter your contract work in TurboTax Online. Open (continue) your return if it's not already open. Inside TurboTax, search for schedule c and select the Jump to link in the search results. Answer Yes to Did you have any self-employment income or expenses? and follow the instructions to set up your business.Note: You will need TurboTax Deluxe or higher to report this type of income if you have no related expenses.

Question

Should I report 550.00 I received for contract work and where

Forum|Forum|6 years ago
March 17, 2020
1 reply
0 views

No text available

TurboTax Free Edition Online

K

KatrinaB48

Yes, if you are required to file then all income must be reported. Money earned as a subcontractor is reported as self-employment income on schedule c. You will not owe self-employment tax on such a small amount. Please follow the directions below to enter your contract work in TurboTax Online.

Open (continue) your return if it's not already open.
Inside TurboTax, search for schedule c and select the Jump to link in the search results.
Answer Yes to Did you have any self-employment income or expenses? and follow the instructions to set up your business.

Note: You will need TurboTax Deluxe or higher to report this type of income if you have no related expenses.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"