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2 replies

evelynm
Employee Tax Expert
Employee Tax Expert
September 27, 2023

Hello:  

You will be using your W-2 and 1099 Forms to File Your Taxes on Form 1040:

You are required to report all of your income. If you file your taxes with TurboTax, you'll have the option to record or import your W-2 form right away, and easily search for each of the other Form 1099 options.

 

Here are further details:   https://turbotax.intuit.com/tax-tips/irs-tax-forms/the-difference-between-a-1099-and-a-w-2-tax-form/L8drkTeTQ

 

https://turbotax.intuit.com/tax-tips/self-employment-taxes/top-tax-write-offs-for-the-self-employed/L7xdDG7JL

Have an amazing day. Evelyn M (CPA 20+ years). I would love a thumbs up :) + Mark the post that answers your question by clicking on "Mark as Best Answer".
Level 5
September 27, 2023

Hello, your W2 wages will flow directly to form 1040. As an independent contractor you will report self employed income on Schedule C. Once reported on Schedule C, you will also see this info flow to your form 1040.  You may or may not receive a 100NEC for work performed. If you do not receive a 1099NEC, you are still required to report all income earned.

 

Please be aware of the Self employed tax that must be paid on net profit of self employed income. Below is a link to explain the Self Employed Tax. 

https://turbotax.intuit.com/tax-tips/self-employment-taxes/the-self-employment-tax/L8xXjolB4

 

Self employed tax deductions

https://turbotax.intuit.com/tax-tips/self-employment-taxes/top-tax-write-offs-for-the-self-employed/L7xdDG7JL