So my child was issued a 1099 nec from my scorp for 7,000 and we subsequently opened a roth for that amount for tax year 2024.
1. What forms do I use to file her taxes.
I think she falls under the amount where federal taxes are owed but im thinking she needs to foke and pay self employment taxes? Anything else that's owed to federal government or any other agency?
2. Im assuming turbotax can cover this simple tax return but which version.
Thanks in advance for any advice or feedback