- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Answer yes to qualified trade
Business name is his name
Address, home address
Materially participate answer is yes (He did the work himself)
On a 1099 your son can deduct his mileage as an expense, and any costs for work clothes or equipment, etc.
He will end up paying into Social Security on any profit after deducting expenses, as well as regular income taxes for both State and Fed.
‎April 6, 2022
4:09 PM
1,521 Views