I have a W2 (from a regular full time job) and a 1099-Misc (from outside consulting work). Do I report the 1099-Misc as self-employment income or Other Common Income?
I don't know if having a W2 and being considered "Self-employed" are mutually exclusive in the context of filing a 1099-Misc. There seems to be two categories for 1099-Misc: Self-employment Income and Other Common Income.
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1 Best answer
SherylSTaxExpert
Level 3
Jun 3, 2019 1:01:09 PM
It depends on what box is completed on your 1099MISC. If box 7 is completed you would be considered self-employed and should report it as self-employment income.
2 Replies
SherylSTaxExpert
Level 3
Jun 3, 2019 1:01:09 PM
It depends on what box is completed on your 1099MISC. If box 7 is completed you would be considered self-employed and should report it as self-employment income.