W2 and 1099

Forum|Forum|6 years ago
January 17, 2020
1 reply
18 views

Hello,

I work full time and receive my W2 form. On the side I work through a platform for dog boarding and receive 1099 from them. I am not registered as a business or have a business account. Do I just add the 1099 income to my income on my W2 form? And if yes, can I write off deductions on the 1099 income? Thank you

Best answer by DoninGA

Expert Reviewed

Thank you! And that would be okay to file even If I am not registered business or IC? I started through a platform not knowing I had to do that.

@egoodhall wrote:

Thank you! And that would be okay to file even If I am not registered business or IC? I started through a platform not knowing I had to do that.

No you do not need to register as a business, get a business license or get an employer identification number. You just use your Social Security number and the address of your home when completing the Schedule C.

DoninGA

Level 15

No, you do NOT enter the income shown on the Form 1099-MISC as a W-2.

If the form 1099-MISC has your income entered in box 7 of the form then the IRS considers you a self-employed sole proprietor/independent contractor. You must complete a Schedule C for the self-employment income and expenses. To complete the Schedule C you will need to use the Self-Employed online edition. Or you could use any of the TurboTax desktop editions.

See this TurboTax support FAQ for self-employment income - https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/01/26653

egoodhallAuthor

Level 2

Hello and thank you for replying. It is a 1099-K form and income is listed in 1a and 1b. So I should file my W-2 taxes and 1099-K form separately? Thank you

DoninGA

Level 15

@egoodhall wrote:

Hello and thank you for replying. It is a 1099-K form and income is listed in 1a and 1b. So I should file my W-2 taxes and 1099-K form separately? Thank you

Yes, you enter the W-2 and the 1099-K separately. The 1099-K is also entered on a Schedule C.

See this TurboTax support FAQ for a form 1099-K - https://ttlc.intuit.com/community/entering-importing/help/how-do-i-enter-a-1099-k-in-turbotax-online/01/26765