Hello. Just a general question/observation. I'm doing my taxes for my 17 year old who worked for two companies. (I'm using Turbotax Deluxe because that's what I used for doing my personal taxes.) Company A issued a W2 and company B issued a 1099-NEC. Regarding the 1099-NEC, my child works as a singer/dancer at a company that does Disney themed birthday parties. From what I understand, she is responsible for paying herself employment tax (15.3%). In general, she was paid approximately $1500 and had $150 in deductions (makeup, curling irons, etc). She does not drive nor own a car so I did not include any automotive deductions (I do all the driving for her). Am I correct in assuming there is no easy method for filing the 1099-NEC? Turbotax seems to lead me down a rabbit hole of countless forms with questions referring to her "business" (she has none), wether or not it is a "Qualified Business" (I have no idea), and wether she materially participated in her business (again, not sure how to answer that). This all seems so ridiculous for a teenager who has such a simple job. Is there no way around all of this paperwork? No "1099-EZ" or some such thing? Anyway, I'd love to hear any feedback. So quick summary: $1500 earned. Issued 1099-NEC. Paid no state or federal taxes during the year and has $150 in business related deductions.
Thank you!
