Skip to main content
December 11, 2023
Question

Why does my tax return show me as self employed, paying self employment taxes if I am not? I am an employee who receives a W2 and does side work after my regular job.

  • December 11, 2023
  • 2 replies
  • 0 views
This side work does provide 1099's; but it is work completed for resale.

2 replies

December 11, 2023
**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.**
VolvoGirl
December 11, 2023

What is work completed for resale?  1099NEC is for self employment work.  Here is a Turbo Tax FAQ Are you an employee or self employed?

https://ttlc.intuit.com/community/self-employed/help/am-i-an-employee-or-an-independent-contractor/00/26439

 

That sounds like self employment income.  you are the owner of your own self employment business.  You are in business for yourself.  Use your own info.  The people or company that pays you is your customer or client.  You are considered to have your own business for it.  YOU are the business.

 

You need to fill out schedule C for self employment business income and pay self employment tax in addition to regular income tax on it.  The SE tax is to pay Social Security and Medicare tax that wasn't taken out like on a W2.