How do I report one-time freelance income?
I am an architect and I have a full time job. I did a small amount of freelance work for a church. They paid me a total of $1500. What forms will I need to file for this income when I do my taxes?
United States - 3 Answers
Random Answers, Critics, Comments, Opinions :
1 :
The IRS assigns its 1099 form for just such occasions.
2 :
The 1099 is correct!
3 :
There are two ways to handle this: 1. If you have expenses related to the freelance work you did then file a schedule C. 2. If you didn't have any expenses related to your income then simply put the $1,500.00 on line 21 of the 1040 (Other Income). If you go this route, make sure that you make this income subject to SE (Self-employment tax). Hope this helps
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