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Then you are self-employed, at least because of the side job. You owe self-employment tax on the net profit plus income tax.
If your employer pays you on a W-2 and also gives you a 1099-MISC for a bonus or something, that is incorrect. All your wages should be on a W-2 and by giving you a 1099-MISC, the employer is trying to dodge his share of social security tax. In turbotax, after entering the 1099-MISC, look for a checkbox on the next page for special circumstances "this money should have been on my W-2."
If your primary employer only gives you 1099-MISC forms, then they are treating you like an independent contractor. This may or may not be correct. You can dispute it if you want, the IRS will investigate. https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-o...
Then you are self-employed, at least because of the side job. You owe self-employment tax on the net profit plus income tax.
If your employer pays you on a W-2 and also gives you a 1099-MISC for a bonus or something, that is incorrect. All your wages should be on a W-2 and by giving you a 1099-MISC, the employer is trying to dodge his share of social security tax. In turbotax, after entering the 1099-MISC, look for a checkbox on the next page for special circumstances "this money should have been on my W-2."
If your primary employer only gives you 1099-MISC forms, then they are treating you like an independent contractor. This may or may not be correct. You can dispute it if you want, the IRS will investigate. https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-o...
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