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Get your taxes done using TurboTax
I have the same issue as the previous person. My son earned W2 income from a few seasonal jobs and received a 1099-NEC from two other jobs where he worked from home. I would consider all of his income to be earned & would not suspect to have to file Form 8615. I wasn't aware that we'd need to call this self employment income though, as if he now has his own business? Doing so immediately creates a Schedule C for which all answers aren't readily known and his tax liability jumps by an exact 15.3% of those earnings - equaling the self employment tax. All good?
March 7, 2021
10:10 AM