Am I self enjoyed?
Hi, this is a 2 part question. I babysit a friend's child 2 days a week (at my house, providing food, purchasing my own toys, etc for him), making $50/ day. (so roughly $400/month and will be $5000/year. She pays me cash, sometimes Venmo. I assumed I'm considered self-employed and will report this income on my 2023; married filing joint income tax form. Additionally, starting next week, I'm helping a family 2-3 days/ week with 30 min childcare/ transportation and 2 ish hours of housework. $50/day. They be said their cpa said to issue a 1099. It may only be for the summer (but possibly continuing after), so roughly $1800 for the summer. I'm just wanting to make sure I'm doing taxes correctly. Do I need to file quarterly? At this point the TOTAL income I'm bringing in will be around $7,800 for the year. My husband makes about $75, 000 (regular W2 employee). Thank you!
