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Returning Member
posted Mar 2, 2025 5:03:18 AM

As an Status Trader why I did not get 1040 SE form for social security purpose?

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1 Replies
Expert Alumni
Mar 2, 2025 5:27:54 AM

You likely didn't receive a 1040 SE form because you didn't have self-employment income of $400 or more. This form is used if you have earned income from self-employment work and need to pay self-employment taxes like Social Security and Medicare.

 

As a trader, your trading gains are generally considered capital gains, which are not subject to self-employment tax. Therefore, you wouldn't need to file a 1040 SE form for Social Security purposes