llove530 07:06 PM 01-19-2011
Isn't there a certain amount of money you can earn and not have to report?
Thx!
lvt77 07:07 PM 01-19-2011
i believe it is $400.00
kendallina 07:08 PM 01-19-2011
Originally Posted by lvt77:
i believe it is $400.00
That's what I thought too...
TomCopeland 08:35 PM 01-19-2011
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.