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| Claudia wrote: - quote - > In the course of my consulting business, I was contacted by
If it's a W2, they took out federal,state and FICA? Should> a university and they hired me to teach a class once a week. > I made $2500 and they sent me a W-2. > Do I add this in the wages, salaries and tips line of Form > 1040? Or does this become part of my Schedule C? have of course. Therefore it goes on line 7, and this is separate from any consulting schedule c you might have. On the bright side, at least you don't have to (also) pay se tax on that amount. Cheer$$$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| "Claudia" <vape[at]yahoo.com> wrote: - quote - > In the course of my consulting business, I was contacted by
A Form W-2 with SS and Medicare withheld goes on line 7 Form> a university and they hired me to teach a class once a week. > I made $2500 and they sent me a W-2. > Do I add this in the wages, salaries and tips line of Form > 1040? Or does this become part of my Schedule C? 1040. A form 1099Misc. box 7 goes on Schedule C and carried over to form 1040. Also Sched. SE if necessary. Missy << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| "Claudia" <vape[at]yahoo.com> wrote: - quote - > In the course of my consulting business, I was contacted by
Sounds like you were their employee, so the amount goes to> a university and they hired me to teach a class once a week. > I made $2500 and they sent me a W-2. > Do I add this in the wages, salaries and tips line of Form > 1040? Or does this become part of my Schedule C? the wages line, not Schedule C; and any expenses related to producing this income are employee business expenses on Schedule A, not Schedule C expenses. -- Chris Green << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| In the course of my consulting business, I was contacted by a university and they hired me to teach a class once a week. I made $2500 and they sent me a W-2. Do I add this in the wages, salaries and tips line of Form 1040? Or does this become part of my Schedule C? Thanks. Claudia << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| business, income |
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