Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Income — Business Workout

Completing Schedule C

Skills Warm Up: Schedule C

Question 3 of 4

Daniel has his own business. He received Form 1099-NEC for $13,000 for work he completed as an independent contractor. He also received cash payments that total $2,500 for other jobs he completed for different individuals.

Daniel must report the cash payments of $2,500 on his return.