Gig economy earnings are taxable

Generally, income earned from the gig economy is taxable and must be reported to the
IRS on tax returns. The gig economy is activity where people earn income providing on demand work, services or goods, such as selling goods online, driving a car for
deliveries or renting out property. Often, it’s through a digital platform like an app or
Taxpayers must report income earned from the gig economy on a tax return, even if the
income is: From part-time, temporary or side work. Paid in any form, including cash,
property, goods or digital assets. Not reported on an information return form like a Form
1099-K, 1099-MISC, W-2 or other income statement.