.. I am the employee (landscaper), nothing spent of this business. Do I leave the box blank
seems uncommon not to check it
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Did you get a 1099NEC for it instead of a W2? Then you are not an employee. You only get that question if you are filing schedule C for self employed as an independent contractor, freelance, contract labor, etc. Being self employment means you are the owner of your own self employment business and the person who pays you is your client or customer. You personally are the Business. You need to pay self employment tax on it because they didn't take any taxes out of your pay.
Yes you should check the All investment at risk. It means you are using your own money to pay for expenses so you can deduct any expenses for this job.
You pay Self Employment tax on $400 or more of net profit from self-employment in addition to any regular income tax. You pay 15.3% SE tax on 92.35% of your Net Profit greater than $400. The 15.3% self employed SE Tax is to pay both the employer part and employee part of Social Security and Medicare. So you get social security credit for it when you retire.
Yes I got a 1099-NEC and turbo tax directs me Schedule C
No taxes were taken out. I worked as a part time as needed landscaper
To clarify,
I do part time landscaping job on the side. Got the 1099 NEC and need to do Schedule C per TT Trying to navigate those questions. No taxes paid, paid by owner for my time and he sent me this
The IRS considers you as self-employed, even though you probably don't think of yourself that way. Form 1099-NEC reports payments for your services that weren't related to your main job. When you enter a 1099-NEC, TurboTax creates a self-employment business for you to complete for Schedule C.
If you need hands-on help, you may benefit from adding TurboTax Live, an online service provides step-by-step guidance from a tax expert whenever you need assistance, either over the phone or by screensharing. The time savings and peace of mind may be worth the additional cost.
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