What is the form name and number that one would use if you are self employed in Real Estate? Can the form be retrieved online?
2007-04-30 07:29:27 · 4 answers · asked by ummmm 2 in Business & Finance ➔ Taxes ➔ United States
I am in NYC, Kings county.
2007-04-30 07:41:57 · update #1
Are you an independent real estate broker? Or do you have rental properties? Or maybe both?
If you are an independent real estate broker, then you use Schedule C to document your income and expenses, and then Schedule SE to figure the Social Security and Medicare taxes. Figures from Schedule C and Schedule SE are then transferred to your Form 1040.
However, if you have rental properties, even though you may consider this your job, this income goes on Schedule E. Again you figure your income and expenses and transfer to Form 1040. Rental income is not considered "self-employment" and so no Social Security or Medicare is figured on this income.
All forms and schedules are available at irs.gov. Enter the name of the form in the search field.
2007-04-30 08:06:03 · answer #1 · answered by ninasgramma 7 · 1⤊ 0⤋
Your question is not clear. If you are a real estate sales agent or whatever you would file a Sch C and Sch SE; if you are renting real estate then you would fill out a Sch E. All forms can be downloaded from IRS.GOV--forms.
2007-05-01 03:43:35 · answer #2 · answered by acmeraven 7 · 0⤊ 0⤋
For your Federal return, use Schedule C or C-EZ to calculate your net income. Use Schedule SE to calculate the self-employment taxes.
2007-04-30 07:53:59 · answer #3 · answered by Bostonian In MO 7 · 2⤊ 0⤋
kinda vague? state, county, federal???
2007-04-30 07:34:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋