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Why does my hairstylist job show up as a buisness in the business section?
I was paid as a 1099 hairstylist and when I entered in the Personal section, it shows as a business in the Business section. This does not seem correct, but wanted to check.
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June 3, 2019
12:30 PM
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Business & farm
When you're paid for your work with a 1099-MISC (instead of a W-2), the IRS considers you to be a self-employed "business." That income is properly reported as business income. The good news is that you can deduct your business expenses from that income.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
June 3, 2019
12:30 PM