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Level 1
June 6, 2019
Solved

Howdy! Thank you for time and assistance. I received a 1099-MISC after filing 02/14/17. I just amended original return; I went from getting money returned to me to owing $963 on the $3329 income this 1099-MISC reports. Did I error on amended fili

  • June 6, 2019
  • 1 reply
  • 15 views
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Best answer by MiriamF

Probably no, you didn't make an error.

Assuming that $3329 represents your net income after expenses, the self-employment tax alone would be $509. If you are in the 15% tax bracket, the rest of the tax would be income tax.

1 reply

MiriamFAnswer
Level 8
June 6, 2019

Probably no, you didn't make an error.

Assuming that $3329 represents your net income after expenses, the self-employment tax alone would be $509. If you are in the 15% tax bracket, the rest of the tax would be income tax.