Do I report business earnings also as wages earned?

My son owns a small lawn business. He does not make very much. Do I enter his gross earnings in both the business section and as wages from a W-2 in TurboTax? It appears to double tax him by adding the profit from the business and then his gross earnings.

posted

Connect with an expert

1 Best answer

Accepted Solutions

Do I report business earnings also as wages earned?

No, you will only enter it in the self-employment section, not in the wages as a W-2. Otherwise, yes, it will double tax him.

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

View solution in original post

1 Reply

Do I report business earnings also as wages earned?

No, you will only enter it in the self-employment section, not in the wages as a W-2. Otherwise, yes, it will double tax him.

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

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post