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Get your taxes done using TurboTax
One thing that's easy to answer: you will owe "self employment tax" (if it's self employment income) of around 15%. This is Social Security and Medicare tax. It is on top of whatever income tax the $11000 generates which depends on your combined (yourself and your husband) bracket. It might be 25%, but could easily be more or less than that.
‎June 4, 2019
1:06 PM