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Self employed
If you are both, Self-Employed but also hold a W-2 job, report the Self-Employed income on Schedule C and the W-2 as personal income.
Is this something else? What tax form was used to report your income?
Some Taxpayers are self-employed but are also considered a "Statuary Employee". An example would be a real Estate Agent that works for a specific Broker. These employees get Form 1099-NEC and file schedule C for that income.
At one time, some W-2 employees were able to claim work expenses, similar to a self-employed taxpayer, but that was eliminated except for:
- Armed Forces reservists.
- Qualified performing artists.
- Fee-basis state or local government officials.
- Employees with impairment-related work expenses.
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February 23, 2024
7:11 AM