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clutchy · 10-28-2009, 05:24 PM

you'll basically get smacked with self employment tax which is just FICA and medicare in addition to the tax you'll pay on the income.

just make sure to do a schedule C and track your expenses so you can reduce your income to zero or less than $400 and you avoid the SE tax.

GL

let me know if you have other specific questions... i do taxes for a living

10-28-2009, 05:24 PM	#3
clutchy Rear Admiral Lower Half Join Date: Dec 2000 Location: Yucaipa, CA Posts: 2,863	you'll basically get smacked with self employment tax which is just FICA and medicare in addition to the tax you'll pay on the income. just make sure to do a schedule C and track your expenses so you can reduce your income to zero or less than $400 and you avoid the SE tax. GL let me know if you have other specific questions... i do taxes for a living __________________ LK was treated unfairly thanks X