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Retirement tax questions
@DoninGA wrote:
@tgad1000 wrote:
It is follow up question? how do I pay social security tax when I receive a 1099 form from my wife? How can I do that on Turbo Tax? please elaborate.
If you were paid $400 or more then you would complete a Schedule C for your self-employment income and expenses.
The $400 limit only applies if this is the taxpayer's only income. If the taxpayer has other income, or files a joint return with their spouse, they must report all their self-employment income and expenses even if the net profit is less than $400.
‎December 11, 2023
9:49 AM