Quote:
Originally Posted by opinion914
Something doesn't add up.
Did my taxes. getting:
$2220 back fed,
$0 back state.
then i get a 1099-misc in the mail for some consulting i did for $3300, fine, i made the money now i need to pay tax on it... unfortunately this is what it did to my return
$900 back fed
owe state 200$
So i go from getting back a gross of $2200, to now getting back a gross of $700.
That's a difference of $1500 i'm out for a $3300 job? How does that add up?!
tia
Kevin
|
Not sure how your reporting your consulting work but you might what to set up a Schedule C and deduct expenses from the income of $3300. Travel, use of computer, car miscellaneous expense....