No, you are self-employed and must use Schedule C to report your income and expenses. If the net profit from a service you provide is $400 or more, then you must also complete Schedule SE to calculate your self-employment taxes.
Articles in this section
- Can I report as "Other Income" the $6,000 I made from providing day care services?
- What is the standard mileage deduction for the use of a vehicle in a business?
- Can I take a business deduction for the small cash donations my business makes to various qualified charities in the neighborhood? I am a sole proprietor.
- Will my self-employment income affect the amount of income I receive as Social Security benefits?