what forms i need to file out in 1040? schedule C and schedule SE? how you file out these two?
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On your end, you need the reporting forms that tell you the income. If you do not have them, you need to reconstruct them. Once you have all your income and expenses, you enter them in Schedule C as described above.
Schedule C income will flow to Form 1040, as will any other income you have. The amount of social security and medicare taxes you owe will flow to Schedule SE and then to the 1040.
how do i know what are the figures i owe, i am not sure how to fill out the schedule SE..
Schedule SE calculates the Social Security and Medicare tax (self-employment tax) on profits from self-employment and certain other income.
When you enter your Self Employment income and expenses, TurboTax will automatically fill out Schedule SE and attach it to your return.
The amount of your self-employment tax from (the amount on Schedule SE) is included into the running amount of your total tax refund (or tax owed), displayed in TurboTax as you work on your return.
Yes, Sch C and SE. For using Turbo Tax see:
For what you need to know, see IRS website: Small business
are these the only 2? what other forms i need for Uber EAT driver?thanks!
On your end, you need the reporting forms that tell you the income. If you do not have them, you need to reconstruct them. Once you have all your income and expenses, you enter them in Schedule C as described above.
Schedule C income will flow to Form 1040, as will any other income you have. The amount of social security and medicare taxes you owe will flow to Schedule SE and then to the 1040.
how do i know what are the figures i owe, i am not sure how to fill out the schedule SE..
Schedule SE calculates the Social Security and Medicare tax (self-employment tax) on profits from self-employment and certain other income.
When you enter your Self Employment income and expenses, TurboTax will automatically fill out Schedule SE and attach it to your return.
The amount of your self-employment tax from (the amount on Schedule SE) is included into the running amount of your total tax refund (or tax owed), displayed in TurboTax as you work on your return.
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