Self-employment income

BelknapPoint
Mon, 02 Apr 2018 17:49:24 +0000

I am confused. Do I include it in my parents’ 2016 tax return and refile/send to Cornell, do I just submit a Schedule C to Cornell, or something else? I’m not very sure because I am a dependent of my parents and don’t need to file a tax return to the IRS/report profits less than $400. Thanks!!

It’s earned income for you, not your parents; any required tax filing needs to be done in your name. Follow the instructions from Cornell and complete and submit to Cornell a copy of schedule C, along with the requested explanation.