does turbo tax allow you to do w2s and self employment taxes under 1 name? cus i have my self employment taxes and my w2s from my real job? does turbo allow me to do them both at the same time? im in california if that helps
2007-04-28 15:54:15 · 5 answers · asked by brian j 1 in Business & Finance ➔ Taxes ➔ United States
You may report both w-2 wages and self-employment income using Turbo Tax and it will appear on the same return under a single name.
2007-04-28 16:22:19 · answer #1 · answered by ? 6 · 1⤊ 0⤋
once you're making over $4 hundred on a contractor interest, you are able to document and pay tax - you are able to no longer owe earnings tax, yet you will owe self employment tax for social secure practices and medicare. If the $3200 is all earnings, without expenses you are able to deduct opposed to it, you will owe around $450 in the previous interest and outcomes - you're late submitting already, and those will proceed to enhance till you document and pay what you owe.
2016-12-28 04:22:01 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes it does. It's a very common situation to have both types of income, and any tax software that didn't handle that wouldn't sell very many copies!
2007-04-28 17:37:01 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
Yes, TurboTax does that. Without offense, it seems from your question that your knowledge of personal income tax is very minimal. I suggest you have a tax professional prepare your return for you.
2007-04-28 20:04:48 · answer #4 · answered by borat_almaty 2 · 1⤊ 0⤋
Sure, virtually any tax prep software can handle that. It would be pretty useless if it couldn't.
2007-04-28 17:37:06 · answer #5 · answered by Bostonian In MO 7 · 1⤊ 0⤋