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May 7, 2020
Question

Where do I enter earned income? I don't have a form but earned $6,000 from a loan contract.

  • May 7, 2020
  • 1 reply
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1 reply

May 7, 2020

It depends.

 

The way you report the other income will depend upon whether you earned the income as part of a business or not.  

 

If you are reporting this income as self-employment income (meaning you are running a business with the intent to make a profit), you will do the following in the Federal interview section: 

  1. Select Income & Expenses 
  2. Select Self-employment income and expenses 
  3. Proceed through the screens to enter your information 
  4. When you see the following for income, make sure to select"Other self-employed income.Includes 1099-K, cash, and checks." 

If it is not from self-employment, you would enter the information as follows: 

  1. Select Income & Expenses 
  2. Go to the  All Income section and select "Less Common Income" 
  3. Select "Miscellaneous Income" 

You will then select "Other reportable income" to enter your income.

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