topic W-2 & 1099 together? in Get your taxes done using TurboTax

W-2 & 1099 together?

cspyon1 — Wed, 11 Feb 2026 10:56:41 GMT

This year I worked as a self-employed contractor until I got hired as a salary employee in Sept.

As a self-employed man, I contributed 25% of my income to SEP IRA. I also contributed $8,000 to ROTH IRA early this year because I'm over 60. I think I'll receive both 1099 (as a contractor), and W-2 (as a salary employee) next January. In my case, should I file tax returns both as a contractor and an employee? I am confused because I've never worked both as a self-employed man and a salaried employee at the same time.

Re: W-2 & 1099 together?

Bsch4477 — Tue, 05 Nov 2024 03:59:42 GMT

It is not unusual for someone to have both W-2 and self employment income and you can contribute to both a SEP and an IRA.

For self-employed individuals, the calculation is a bit more involved because the contribution itself reduces net earnings. Often, people use an effective rate of about 20% of net self-employment. TurboTax can calculate that for you.

Re: W-2 & 1099 together?

xmasbaby0 — Tue, 05 Nov 2024 04:56:28 GMT

ALL of your income will go on the same tax return---including the W-2 income and the self-employment income. Your situation is not at all unusual. In fact it is very common and can easily be handled by TurboTax.

If you have self-employment income for which you will pay self-employment tax for Social Security and Medicare, you will need to use online Premium software or any version of the CD/download so that you can prepare a Schedule C for your business expenses.

https://ttlc.intuit.com/questions/2926899-how-does-my-side-job-affect-my-taxes

https://ttlc.intuit.com/turbotax-support/en-us/help-article/form-1099-nec/1099-nec/L5qTsBiSe_US_en_US

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax

https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c

https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct

https://blog.turbotax.intuit.com/self-employed/self-employed-tax-deductions-

calculator-2021-2022-50907/

https://ttlc.intuit.com/questions/1901110-do-i-need-to-make-estimated-tax-payments-to-the-irs

If you live in a state with a state income tax, you might need to make estimated payments to your state.

https://turbotax.intuit.com/tax-tools/calculators/self-employed/

https://ttlc.intuit.com/community/business-taxes/discussion/self-employed-don-t-miss-these-tax-moves/00/3400413