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It is not a job for me so it is not salary. And it is not much either. I don't know which category in the tax form I should file this earning? Please help, thanks!

2007-03-11 18:23:26 · 2 answers · asked by Anonymous in Business & Finance Taxes United States

2 answers

It is to be included in as ordinary income same as if you would earned it from a salaried job. it is subject to be tax at your regular rate.
IF you did not pay payroll taxes on the money you earned, you also might be subject to the 15.3% in payroll taxes.

2007-03-11 18:42:52 · answer #1 · answered by clu25 2 · 0 0

Schedule C or C-EZ. It is self-employment income. Deduct your expenses and then figure Social Security and Medicare on Schedule SE.

2007-03-11 18:45:22 · answer #2 · answered by ninasgramma 7 · 1 0

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