Every year, our accountant has reported my income as a yoga instructor on Schedule C. I only receive W2s not 1099-NEC or 1099-MISC.
Do I record my income from this work earlier in Turbo Tax under Wages & Salary or do I record it under business items?
We file Joint Married- we have my spouses W2 information recorded under Wages & Salaries in the earlier screen.
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Yes, report all of your W-2 forms under Wages & Salary. As VolvoGirl points out, if all of your income from teaching yoga is on your W-2, you do not report any self-employment income at all on Schedule C.
Have you always got a W2 for yoga? Then it doesn't go on Schedule C at all. That is wrong. W2 go under wages like your husband, You may need to ask the accountant why he put it on Schedule C. If you got a W2 and didn't report it as wages you will get a letter from the IRS saying you didn't report it.
Yes, report all of your W-2 forms under Wages & Salary. As VolvoGirl points out, if all of your income from teaching yoga is on your W-2, you do not report any self-employment income at all on Schedule C.
If you receive only a W-2 from your employer, then you would report it under Wages & Salary.
thank you. This is the first year that I only have W2s so I was unsure what to do. Thanks for the explanation
thanks, in past years I also had 1099s just not in 2022. I appreciate the assist !
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