1099 NEC

Forum|Forum|5 years ago
March 28, 2021
1 reply
1 view

I retired FRA Jan 2019 and I worked as a contractor earning over 15k. I also worked in 2020 earning over 25k. I did not pay any taxes on the earning or FICA. I did however, have pay 8K taxes taken out of my pension and SS in 2020. My turbotax is complete and I own $89XX this year with a penalty for not reporting or paying earning quarterly. This if fine. My question is do I owe FICA for both years. Turbotax 4137 and 8919 are blank. What should I do? Thanks in advance for your assistance.

VolvoGirl

Level 15

Each year is separate. Didn't you file your self employment on 2019 Schedule C? If you have a Net Profit you pay self employment tax for the FICA. If you didn't fill out Schedule C you may need to amend 2019.

SawdusterAuthor

Level 2

Yes. I completed Schedule C with Box 1b & 1e value of 25K Box 7 = 25k.

SawdusterAuthor

Level 2

Also, my 1040-SR Line 23 Other taxes including self employment tax from schedule2, line 10 = X,226. So I'm paying self employment tax. But does this include FICA. Is FICA due?