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March 6, 2023
Question

Can I pay what I owe on my 1099-nec form out of my tax return I will be getting back from my w-2?

  • March 6, 2023
  • 1 reply
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1 reply

March 6, 2023

Enter all of your income on the same tax return.   The software calculates the amount you owe and reconciles that against  the amount you had withheld from your W-2.   You will have to enter everything to seen how it turns out.   

 

Because you have self-employment income you need online Self-Employed software or any version of the CD/download so that you can prepare a Schedule C and enter your business expenses.

 

https://ttlc.intuit.com/questions/2926899-how-does-my-side-job-affect-my-taxes

 

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653

 

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

 

https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax

https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c

 

 

https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct

 

 

https://ttlc.intuit.com/questions/1901110-do-i-need-to-make-estimated-tax-payments-to-the-irs

 

 

https://turbotax.intuit.com/tax-tools/calculators/self-employed/

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**