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Get your taxes done using TurboTax
I file quarterly for the independent contractor work, and annually for my W-2 positions? You pay your taxes quarterly based on estimates. You will enter your independent contractor work and your W2 on the same 1040 at the end of the year. The company you are acting as an independent contractor for will issue you a 1099-NEC that you will report on your return which will generate a Schedule C for you. This will then flow to your 1040.
Does TurboTax handle complicated taxes like this? Yes
I'm thinking of using Quickbooks for invoices and expenses Good Idea
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‎April 7, 2022
6:08 AM