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Level 1
June 6, 2019
Solved

My wife is a realtor and recevied a 1099 what from is used to make sure she gets credit for social security

  • June 6, 2019
  • 1 reply
  • 9 views

My wife is a realtor what form do I used to make sure she gets credit for social security. 

Best answer by Zbucklyo
She will report the 1099 as self-employment income on Schedule C, and she can deduct business expenses against that income.  If she has a net profit, she will pay self-employment taxes on that income, which are social security and Medicare taxes.  She will then get credit for those payments.

1 reply

ZbucklyoAnswer
Level 8
June 6, 2019
She will report the 1099 as self-employment income on Schedule C, and she can deduct business expenses against that income.  If she has a net profit, she will pay self-employment taxes on that income, which are social security and Medicare taxes.  She will then get credit for those payments.