Ok, this one has me stumped, so any information would most definitely be appreciated. 🙂
I am single and took early retirement starting this month. Aside from Social Security, I will be getting a small monthly pension (approximately $260 per month). This month I started working part-time (minimum wage, and about 20 hours per week) at a friend's business. I will be receiving a 1099 form next year for income earned this year.
My question is this: the pension provider sent me a W-4P form to fill out and I'm at a loss on what to put down for Step 2, section (b)(i). Do I estimate how much I will be making this year and use that amount? Or do I put down zero because I'll be receiving a 1099 form and not a W-2?
Again, thank you in advance for any assistance you can provide!
