- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self employed
I opened the LLC in January 2023. Moved from the corporate world to freelancing through the LLC (service company) and had no income till April. Line 24 from my personal 1040 2022 tax form is way above the income the LLC has had to date.
I was recently told that a 40% of the self-employment income is a good ballpark. Does that sound accurate in this scenario?
What about the rent income? Do I add the 4.95% of the rental income into those quarterly payments? As mentioned, this is not part of the LLC, do I make a separate payment from the LLC?
‎August 30, 2023
11:09 AM