Tax Question for Tom Copeland
Isn't there a certain amount of money you can earn and not have to report?
Thx! |
i believe it is $400.00
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Originally Posted by lvt77: |
Income
Nope. You must report $1 as income on Schedule C. Any income must be reported. If your profit is less than $400 you don't owe any social security tax on it, but it must be reported.
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