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Level 2
posted Oct 25, 2023 2:00:07 PM

from self-employed to retired

I have been an independent contractor for years and have not had any work in that capacity in 2023.  I am living on my retirement annuities.  How should I file?  I am single.

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1 Best answer
Level 15
Oct 25, 2023 2:03:25 PM

If you have no self-employment income or expenses for tax year 2023 then you do not need to file a Schedule C for your self-employment.  You only need to file as Single and report your retirement annuity income that is reported to you a Form 1099-R on the federal tax return.

3 Replies
Level 15
Oct 25, 2023 2:03:25 PM

If you have no self-employment income or expenses for tax year 2023 then you do not need to file a Schedule C for your self-employment.  You only need to file as Single and report your retirement annuity income that is reported to you a Form 1099-R on the federal tax return.

Level 2
Oct 25, 2023 2:06:42 PM

I will.  Thank you!

Level 2
Oct 25, 2023 3:00:25 PM

Also -- I am 58.  If I have self-employment expenses and health care insurance through the marketplace but no work, should I file as retired?  Can I deduct business expenses and health insurance premiums despite no income other than the annuities?  Thank you.