Ask an AI Accountant

A free tool by

Question
I’m in California and made $6.9k and didn’t receive a 1099k. I still have to self report those gains right?
AI accountant’s answer:
Yes, even if you didn't receive a 1099-K, you are still required to report and pay taxes on all of your income, including the $6.9k you made. For self-employment income, you can report this on Schedule C (Profit or Loss from Business) and include it with your Form 1040 when you file your federal income tax return. Additionally, you may need to pay self-employment tax on your earnings; this is reported on Schedule SE. As a resident of California, you will also need to report this income on your state tax return, which will be Form 540 for individuals. Make sure to follow the appropriate instructions and reporting requirements for self-employment or business income in California.
Comment from reviewer
Jacques Seys, CPA
Not Correct.
Icon check
Looks good

Keeper’s AI Accountant

This AI accountant is powered by GPT-4, but has up-to-date knowledge of tax law. It’s been trained on federal and state tax updates for 2023. With credentialed tax professionals fact-checking its responses, it applies IRS rules to real-world situations.

Estimate tax saving

Track and claim every eligible deduction with Keeper

Keeper is the top-rated all-in-one business expense tracker, tax filing service, and personal accountant.