As an American, you do have to report every last dime (even Amazon gift cards count) on your Schedule C.
Note that "gifts" from customers are not "gifts" under IRS rules...its simple income related to your business, including fair market value for non-dollar gifts.
You do have some wiggle room as far as exactly HOW you report it though. It won't make a difference to how much you owe though. If you are issued a 1099, you must use that in the appropriate part of your schedule C. If any income is NOT from a 1099 source, you can put anything you want in the line item so long as its "close enough" and the exact $ amount is perfectly correct.
Registering as a business may have some tax advantages, or it may just be an extra set of paperwork for no reason...consult your accountant![]()



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