Self Employed and W2 Married Jointly

Forum|Forum|7 years ago
June 4, 2019
1 reply
12 views

1. I was self-employed for 7 mo. this year, W2 for the other months. My husband is employed (regular W2). Can we file married jointly in April since I am supposed to make a quarterly payment by January 15? 2. For my quarterly payment to the IRS do I take out my tax deductions? Do I pay the EFTPS the amount in January that turbotax says I owe with my deductions? Do I need to file anything on turbotax if I pay the EFTPS? 3. Do I pay again in April if I pay my last quarterly payment in January? (I no longer have the 1099 job)

TurboTax Self Employed Online

DS30

Level 12

Yes, you can file as married filing jointly even if you did not make the estimated payments related to your self-employment income. You will be able to pay all the income and employment taxes related to your self-employment business with your personal tax return (if you are filing a Schedule C for your self-employment business).

If you decide to make an online estimated payment on Jan 15th, 2018 that applies to your 2017 self-employment income, you will be able to add this payment amount to your 2017 income tax return (see below). You should base your estimated payment on the net self-employment income plus half (the employer share) of the employment taxes on your self-employment income.

Here is information on how you enter your estimated payments in TurboTax:

https://ttlc.intuit.com/replies/3300049