Skip to main content
Level 1
April 16, 2022
Question

CASH

  • April 16, 2022
  • 1 reply
  • 8 views

I HAVE A CUSTOMER THAT GOT CASH AND NO 1099, HOW DO I ENTER SUCH OF MONEY IN PROSERIES?

This topic has been closed for replies.

1 reply

Camp1040
Level 10
April 16, 2022

Gross receipts or sales, rents received, other income.

Classify the income and report it on the proper schedule.

IRonMaN
Level 15
April 16, 2022

But tread carefully.  Some folks know what the magical amount is to max out the earned income credit and maybe didn't really earn the dollars they said they did.

Slava Ukraini!
Level 15
April 16, 2022

What do you mean?  All of my clients have three kids, income of $15,000-$25,000 and zero business expenses.  Is that a problem?   🤣

Oh, and I check everything on the 8867 but don't actually keep any records.