I did some work for my parents business over the last year and they paid me $2400. I didn't get a W-2 or any other statement from them. They're deducting it as a professional services expense. How should I report this income?=== === ===Self-employment income -- that is what the $2400 is -- should always be reported on Schedule C. You can knock off any expenses to produce that income, and you will then fill out Schedule SE to figure the Self-Employment tax. Plus you will pay the regular tax on your net SE income. See p. 6 of IRS Publication for filing requirements, and get the instructions for Schedules C and SE for all the details.HTH--BigBunk
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