turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

winetek
New Member

1099 income

Last year I started picking up work as a part time sommelier.  The owner 1099's my income.  This year I am getting a lot more work.  I also am retired and get SS.  With all of this untaxed income, besides sending in quarterly coupons, how should I prepare?  I was self employed in the past and wondering if it makes sense for me to form an LLC?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
AR_CPA
Employee Tax Expert

1099 income

Hello winetek,

Hope you're doing great!  Congratulations on picking up this part-time work as a Sommelier.  The best suggestion I have for you is if you have any business expenses related to this income, keep track, so you can deduct them on your taxes.  Whether or not you want to form an LLC is a legal issue. I found some additional info for you on Legalzoom, Do I Even Need an LLC?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies