I have rental, am property mgr. & sole proprietor. I pay myself a wage. Does the SSA get notified that I pay SSA & Medicare taxes when I submit my sch. C and/or sch. E?

[pauls88]

I have a rental, and am a property mgr. & sole proprietor. I pay myself a wage.  Does the SSA get notified that I pay SSA & Medicare taxes when I submit my sch. C and/or sch. E? I want to know if this is the proper way that the social security administration gets notified that I am paying social security and medicare taxes?  I want to confirm that I will get my quarterly credits from the social security administration.  If I am all wrong, and someone tell me how to do this correctly?

[KittyM · Accepted solution]

As a sole proprietor, you do not pay yourself a wage and you do not need to submit quarterly reports for wages to the IRS or your state, unless you hire an employee other than yourself.  Your rental should be reported only on Schedule E for rentals and is not subject to Social Security tax.

If you have other Schedule C Self-employment income, then that income will flow to Schedule SE, which is where the Self-employment tax for a sole proprietor is calculated.  (Self-employment tax is social security and medicare for Schedule C filers.) You remit it to the IRS when you file your return or as Form 1040-ES Quarterly Estimated Payments.