topic I have Social Society Tax withheld and Medicare Tax withheld for Schedule C. How do I deduct this on Schedule SE? in Retirement tax questions

topic I have Social Society Tax withheld and Medicare Tax withheld for Schedule C. How do I deduct this on Schedule SE? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/i-have-social-society-tax-withheld-and-medicare-tax-withheld-for-schedule-c-how-do-i-deduct-this-on/01/472848#M43466 Your answers do not help. Wed, 05 Jun 2019 00:12:21 GMT richardnnewton 2019-06-05T00:12:21Z I have Social Society Tax withheld and Medicare Tax withheld for Schedule C. How do I deduct this on Schedule SE? https://ttlc.intuit.com/community/retirement/discussion/i-have-social-society-tax-withheld-and-medicare-tax-withheld-for-schedule-c-how-do-i-deduct-this-on/01/472848#M43466 Your answers do not help. Wed, 05 Jun 2019 00:12:21 GMT https://ttlc.intuit.com/community/retirement/discussion/i-have-social-society-tax-withheld-and-medicare-tax-withheld-for-schedule-c-how-do-i-deduct-this-on/01/472848#M43466 richardnnewton 2019-06-05T00:12:21Z Withheld where? Or do you mean you made estimated tax pa... https://ttlc.intuit.com/community/retirement/discussion/withheld-where-or-do-you-mean-you-made-estimated-tax-pa/01/472859#M43473 Withheld where?  Or do you mean you made estimated tax payments? Wed, 05 Jun 2019 00:12:22 GMT https://ttlc.intuit.com/community/retirement/discussion/withheld-where-or-do-you-mean-you-made-estimated-tax-pa/01/472859#M43473 Vanessa 2019-06-05T00:12:22Z Client submitted a W-2 instead of a 1099 for my consultin... https://ttlc.intuit.com/community/retirement/discussion/client-submitted-a-w-2-instead-of-a-1099-for-my-consultin/01/472865#M43477 Client submitted a W-2 instead of a 1099 for my consulting work, and withheld Fed Tax, Soc Tax, and Medicare Tax. Wed, 05 Jun 2019 00:12:24 GMT https://ttlc.intuit.com/community/retirement/discussion/client-submitted-a-w-2-instead-of-a-1099-for-my-consultin/01/472865#M43477 richardnnewton 2019-06-05T00:12:24Z Then it gets entered as a w2, not on Sch C. https://ttlc.intuit.com/community/retirement/discussion/then-it-gets-entered-as-a-w2-not-on-sch-c/01/472869#M43479 Then it gets entered as a w2, not on Sch C. Wed, 05 Jun 2019 00:12:25 GMT https://ttlc.intuit.com/community/retirement/discussion/then-it-gets-entered-as-a-w2-not-on-sch-c/01/472869#M43479 Lisa995 2019-06-05T00:12:25Z With the associated expenses, the Schedule C shows a huge... https://ttlc.intuit.com/community/retirement/discussion/with-the-associated-expenses-the-schedule-c-shows-a-huge/01/472877#M43481 With the associated expenses, the Schedule C shows a huge loss without the related revenue? Wed, 05 Jun 2019 00:12:26 GMT https://ttlc.intuit.com/community/retirement/discussion/with-the-associated-expenses-the-schedule-c-shows-a-huge/01/472877#M43481 richardnnewton 2019-06-05T00:12:26Z Then you need the client to cancel the W-2 and issue a 10... https://ttlc.intuit.com/community/retirement/discussion/then-you-need-the-client-to-cancel-the-w-2-and-issue-a-10/01/472887#M43483 Then you need the client to cancel the W-2 and issue a 1099.  This is a big mess for them.  Did you have a true contractor relationship or was your relationship more like employee-employer?   The correct tax treatment depends on your relationship, which is not necessarily controlled by your wishes.   Wed, 05 Jun 2019 00:12:28 GMT https://ttlc.intuit.com/community/retirement/discussion/then-you-need-the-client-to-cancel-the-w-2-and-issue-a-10/01/472887#M43483 Opus 17 2019-06-05T00:12:28Z You CAN’T put the expenses on schedule C if the job paid... https://ttlc.intuit.com/community/retirement/discussion/you-can-t-put-the-expenses-on-schedule-c-if-the-job-paid/01/472895#M43484 You CAN’T put the expenses on schedule C if the job paid you on a W-2.  You need to get the employer to cancel the W-2 and issue a 1099 or you need a vigorous accountant. Wed, 05 Jun 2019 00:12:29 GMT https://ttlc.intuit.com/community/retirement/discussion/you-can-t-put-the-expenses-on-schedule-c-if-the-job-paid/01/472895#M43484 Opus 17 2019-06-05T00:12:29Z You cannot take a deduction for self-employment taxes whe... https://ttlc.intuit.com/community/retirement/discussion/you-cannot-take-a-deduction-for-self-employment-taxes-whe/01/472901#M43485 You cannot take a deduction for self-employment taxes when you only paid the employee share of them.  If the client issued you a W2 and treated you as an employee you cannot take a deduction for what they paid and the half the employee pays is not deductible.So, if you were not an employee you would have to get this all straightened out with the client who issued you the W2.  But, you can not deduct any of the FICA taxes with the way things currently are.   Wed, 05 Jun 2019 00:12:30 GMT https://ttlc.intuit.com/community/retirement/discussion/you-cannot-take-a-deduction-for-self-employment-taxes-whe/01/472901#M43485 Vanessa 2019-06-05T00:12:30Z

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https://ttlc.intuit.com/community/retirement/discussion/i-have-social-society-tax-withheld-and-medicare-tax-withheld-for-schedule-c-how-do-i-deduct-this-on/01/472848#M43466

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<description>Your answers do not help. </description>

<dc:creator>richardnnewton</dc:creator>

<dc:date>2019-06-05T00:12:21Z</dc:date>

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<title>

I have Social Society Tax withheld and Medicare Tax withheld for Schedule C. How do I deduct this on Schedule SE?

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/i-have-social-society-tax-withheld-and-medicare-tax-withheld-for-schedule-c-how-do-i-deduct-this-on/01/472848#M43466

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<description>Your answers do not help. </description>

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https://ttlc.intuit.com/community/retirement/discussion/i-have-social-society-tax-withheld-and-medicare-tax-withheld-for-schedule-c-how-do-i-deduct-this-on/01/472848#M43466

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<dc:creator>richardnnewton</dc:creator>

<dc:date>2019-06-05T00:12:21Z</dc:date>

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Withheld where? Or do you mean you made estimated tax pa...

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/withheld-where-or-do-you-mean-you-made-estimated-tax-pa/01/472859#M43473

</link>

Withheld where?  Or do you mean you made estimated tax payments?

</description>

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https://ttlc.intuit.com/community/retirement/discussion/withheld-where-or-do-you-mean-you-made-estimated-tax-pa/01/472859#M43473

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<dc:creator>Vanessa</dc:creator>

<dc:date>2019-06-05T00:12:22Z</dc:date>

</item>

<item>

<title>

Client submitted a W-2 instead of a 1099 for my consultin...

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/client-submitted-a-w-2-instead-of-a-1099-for-my-consultin/01/472865#M43477

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Client submitted a W-2 instead of a 1099 for my consulting work, and withheld Fed Tax, Soc Tax, and Medicare Tax.

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/client-submitted-a-w-2-instead-of-a-1099-for-my-consultin/01/472865#M43477

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<dc:creator>richardnnewton</dc:creator>

<dc:date>2019-06-05T00:12:24Z</dc:date>

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<item>

<title>Then it gets entered as a w2, not on Sch C.</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/then-it-gets-entered-as-a-w2-not-on-sch-c/01/472869#M43479

</link>

<description>Then it gets entered as a w2, not on Sch C.</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/then-it-gets-entered-as-a-w2-not-on-sch-c/01/472869#M43479

</guid>

<dc:creator>Lisa995</dc:creator>

<dc:date>2019-06-05T00:12:25Z</dc:date>

</item>

<item>

<title>

With the associated expenses, the Schedule C shows a huge...

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/with-the-associated-expenses-the-schedule-c-shows-a-huge/01/472877#M43481

</link>

With the associated expenses, the Schedule C shows a huge loss without the related revenue?

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/with-the-associated-expenses-the-schedule-c-shows-a-huge/01/472877#M43481

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<dc:creator>richardnnewton</dc:creator>

<dc:date>2019-06-05T00:12:26Z</dc:date>

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<item>

<title>

Then you need the client to cancel the W-2 and issue a 10...

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/then-you-need-the-client-to-cancel-the-w-2-and-issue-a-10/01/472887#M43483

</link>

Then you need the client to cancel the W-2 and issue a 1099.  This is a big mess for them.  Did you have a true contractor relationship or was your relationship more like employee-employer?   The correct tax treatment depends on your relationship, which is not necessarily controlled by your wishes.  

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/then-you-need-the-client-to-cancel-the-w-2-and-issue-a-10/01/472887#M43483

</guid>

<dc:creator>Opus 17</dc:creator>

<dc:date>2019-06-05T00:12:28Z</dc:date>

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<item>

<title>

You CAN’T put the expenses on schedule C if the job paid...

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/you-can-t-put-the-expenses-on-schedule-c-if-the-job-paid/01/472895#M43484

</link>

You CAN’T put the expenses on schedule C if the job paid you on a W-2.  You need to get the employer to cancel the W-2 and issue a 1099 or you need a vigorous accountant.

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/you-can-t-put-the-expenses-on-schedule-c-if-the-job-paid/01/472895#M43484

</guid>

<dc:creator>Opus 17</dc:creator>

<dc:date>2019-06-05T00:12:29Z</dc:date>

</item>

<item>

<title>

You cannot take a deduction for self-employment taxes whe...

</title>

<link>

https://ttlc.intuit.com/community/retirement/discussion/you-cannot-take-a-deduction-for-self-employment-taxes-whe/01/472901#M43485

</link>

You cannot take a deduction for self-employment taxes when you only paid the employee share of them.  If the client issued you a W2 and treated you as an employee you cannot take a deduction for what they paid and the half the employee pays is not deductible.So, if you were not an employee you would have to get this all straightened out with the client who issued you the W2.  But, you can not deduct any of the FICA taxes with the way things currently are.

</description>

<guid>

https://ttlc.intuit.com/community/retirement/discussion/you-cannot-take-a-deduction-for-self-employment-taxes-whe/01/472901#M43485

</guid>

<dc:creator>Vanessa</dc:creator>

<dc:date>2019-06-05T00:12:30Z</dc:date>

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