I work for the state of California and I have taxes taken out of my check. I am also self employed. Do I file a separate 1099 for my second job and a 1040 for my first. Can I claim expenses separate?
2007-12-05 04:11:48 · 3 answers · asked by gidn 2 in Business & Finance ➔ Taxes ➔ United States
1099s are not filed by their recipients.
You would file a single 1040 which would include Schedule C. On Schedule C you would report your business income and expenses. If you had a profit you would also include Schedule SE.
2007-12-05 04:20:02 · answer #1 · answered by taxreff 7 · 4⤊ 0⤋
You only file one tax return.
Expenses related to the 1099 income are deducted on the schedule C. Unreimbursed expenses related to the W-2 income are deducted (if possible) on schedule A.
2007-12-05 04:34:13 · answer #2 · answered by Anonymous · 0⤊ 0⤋
File One 1040 form. Combine your wages just on one 1040 form. Read the instructions line by line.
2007-12-05 12:35:57 · answer #3 · answered by Gary 5 · 0⤊ 0⤋