Question

What tax form do I select if I babysat for multiple different people but never made more than $400/person, and do not have those people's personal information?

Forum|Forum|5 years ago
May 1, 2021
1 reply
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TurboTax Self Employed Online

Employee

Just enter it as cash income.

You don't need to get a 1099NEC or 1099K. Even if you did you can enter all your income as Cash. Only the total goes to schedule C.

How to enter income from Self Employment

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653

M

mesquitebean

Employee

You appear to be using Online Self-Employed Edition which is one of the more expensive products--$120 for a Federal return and $50 for a state return. And if you choose to pay the fees out of the Federal refund, there is an additional $40 service fee ($45 for California filers.)

If you don't have any self-employed expenses to report, then Online Deluxe can handle a Schedule C self-employed business that has no expenses. Online Deluxe is $60 for Federal and $50 for state (if applicable).

You also may be able to use one of the free products (TurboTax has two.) The TurboTax IRS Free File Program is fully-featured and can prepare all the usual forms and schedules. It is NOT the same as regular Free Edition. The TurboTax IRS Free File Program can handle a Schedule C self-employed business with or without expenses. In addition to Schedules 1-3 it can prepare Schedule C, D, E, F, etc., and enter K-1. But one has to meet one of the qualifications to use. See below:

To qualify for free 2020 federal and state tax returns through the IRS Free File Program delivered by TurboTax, you just need to meet one of these requirements:

Your 2020 AGI is $39,000 or less (if filing jointly MFJ, this figure is for the AGI of both spouses combined.) ; or
You qualify for the Earned Income Tax Credit (EITC); or
In 2020, you served as active duty military (including Reservists and National Guard) with a maximum AGI of $72,000, and you have a military-issued W-2.

If you meet one of those qualifications and want to use it, it is at this special website

https://freefile.intuit.com/

but see these 2 FAQs first, including how to switch without starting over:

FAQ: What is the TurboTax IRS Free File Program?
https://ttlc.intuit.com/community/choosing-a-product/help/what-is-the-turbotax-free-file-program/01/...

and

FAQ: How do I switch to the TurboTax IRS Free File Program?

https://ttlc.intuit.com/community/downgrading/help/how-do-i-switch-to-turbotax-free-file-program/00/...