3329263
You'll need to sign in or create an account to connect with an expert.
It depends. If expenses reduces the self employment income to less than $400 you will not be required to file. When income of $400 net earnings or more is received as an independent business owner a return must be filed, If you had any expenses then you can use them to offset the income. If your expenses bring the net income below $400 then self employment tax would not be required. Based on your total income there is no personal income tax.
You also must file a federal return if: Filing Requirements
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
knightman221
Level 1
marszciano
Level 1
davidvillagomez0
Returning Member
asanchez0330
New Member
asanchez0330
New Member