- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self employed
Hi there!
You sound like a hard worker, working full time with a business on the side as well!
I would need more information about the side projects. Are they all related? Are they income from running a business?
If so, you would report these 1099 NEC forms as income on a schedule C and you could offset that income with expenses associated with earning the income.
You would also be required to pay quarterly estimated taxes throughout the year. This would ensure you do not have an estimated tax penalty and lower the amount of taxes due when you file your return.
I have included a link with more information on filing :
‎August 30, 2023
10:25 AM