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w2 for business income

My wife has a consulting business and worked as Adjunct Professor to teach a class at a university last spring.  The institution sent a W-2 and not a 1099.  How do I enter the w-2 as business income instead of personal income?

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6 Replies
PatriciaV
Employee Tax Expert

w2 for business income

A W-2 must be entered under Wages and cannot be considered Self-Employment income.

 

If the school withheld taxes from her pay, you should enter the W-2 as it was reported to you. But if the W-2 reports only gross wages, you may wish to contact the school to be sure the W-2 wasn't an error on their part.

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Carl
Level 15

w2 for business income

As stated by PatriciaV, the W-2 will be reported and entered only in the W-2 section of the program. Now if the "statutory employee" box is checked on that W-2, make sure you check it in the program. That will allow you to legally deduct any expenses associated with that income, on SCH C instead of SCH A.  If it's not checked, then you can't claim any expenses associated with that income on the SCH C.

Dsteins
New Member

w2 for business income

How to complete w-2

Dsteins
New Member

w2 for business income

Where's the w-2 section of the program

Dsteins
New Member

w2 for business income

How to find w-2 jsection of the program

w2 for business income

To enter a W2
Click on Wages and Income tab at the top (or Personal for Home & Business program)
Then Wages and Salaries
Wages and Salaries – Start (you might have to click on Show More on right)

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