Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Dec 11, 2023 1:35:30 PM

Why does my tax return show me as self employed, paying self employment taxes if I am not? I am an employee who receives a W2 and does side work after my regular job.

This side work does provide 1099's; but it is work completed for resale.

0 2 1709
2 Replies
Level 15
Dec 11, 2023 1:42:44 PM
Level 15
Dec 11, 2023 1:43:08 PM

What is work completed for resale?  1099NEC is for self employment work.  Here is a Turbo Tax FAQ Are you an employee or self employed?

https://ttlc.intuit.com/community/self-employed/help/am-i-an-employee-or-an-independent-contractor/00/26439

 

That sounds like self employment income.  you are the owner of your own self employment business.  You are in business for yourself.  Use your own info.  The people or company that pays you is your customer or client.  You are considered to have your own business for it.  YOU are the business.

 

You need to fill out schedule C for self employment business income and pay self employment tax in addition to regular income tax on it.  The SE tax is to pay Social Security and Medicare tax that wasn't taken out like on a W2.