@pfeifwa1 wrote:
the 1099 misc was box 3. and i was told there are not self employment taxes associated with this.
@pfeifwa1
Who told you that? "Was told" is never a good source of tax advice. This whole situation sounds like someone is trying to help you cheat on your taxes.
It looks like the 1099-MISC is improper. You were paid for services that you provided. That is unquestionably self-employment, and is subject to self-employment tax. Form 1099-MISC box 3 is not supposed to be used for payment for services. The payer should have issued a 1099-NEC, not a 1099-MISC.
The simplest way for you to handle it is to simply report the 1099-MISC income as self-employment income. Then at least your tax return will be correct.
I gather that you are talking about a payment that you received in 2022. If so, it's too late to make an estimated tax payment to cover the tax on it. Just file your 2022 tax return and pay the tax due.
Because of the amount of money involved, you might want to consult a local tax professional, rather than relying on anonymous advice that you get on the internet.
