Do I need to report as income a one time $200 paycheck?
by admin on Friday, December 10th, 2010 | 3 Comments
I worked at a camp in Colorado (in live in California) last summer and earned $200 and got a W2 from the camp stating the $200 income earned. I also have a W2 from the job that I regularly have year round and earned $55,000 (which I know I need to report). Do I need to report the $200 when I file my taxes? I use TurboTax and just answer the questions that are asked. Should I just go along with what the program asks and will it sort itself out?
You’re supposed to report all income, so yes.
The IRS will know about the $200, if you received a w-2 for it.
If they sent you a W2 yes you need to report it. The camp has already reported it
Everyone who files must report every dollar that they made at any job. Even if you just made $1 at a job, you still have to report it (unless you do not file at all).