On the 1099-MISC. I only received $600.00 from the $1784.43, due to commission and other expenses associated with the rental of my unit

charlym52 · ‎June 5, 2019

How much less will I owe In taxes?

Coleen3 · ‎June 5, 2019

The $600 will be taxed at your regular tax rate and the 15.3% for social security and medicare will be (approximately) $90.

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charlym52 · ‎June 5, 2019

I had to wait for your answer so I added the $1784.43 as additional income... Will I get a refund?

Coleen3 · ‎June 5, 2019

You will never get a refund from income froma 1099-MIsc unless you made estimated payment or are eligible for an earned income credit higher than your self-employment tax.

On the 1099-MISC. I only received $600.00 from the $1784.43, due to commission and other expenses associated with the rental of my unit

Investors & landlords

Investors & landlords

Investors & landlords