1099 Tax Forms | The TurboTax Blog

1099-MISC or 1099-K: What’s the Difference?

April 5, 2017April 5, 2017 / TurboTaxBlogTeam

Self-employment comes with many perks, including deserved business expense deductions. Did you drive during the course of the work you performed? You can take a mileage deduction. Did you buy computer or office supplies to use for consulting? Then you...

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Income and Investments

Does Renting My Apartment on Airbnb Make Me Self-Employed?

March 30, 2017 / Ginita Wall, CPA, CFP®

Wouldn’t it be great if your home was working while you were on vacation? Well, that’s essentially what happens when you rent out your apartment on Airbnb and other similar services. Rental income is not considered to be earned income...

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Income and Investments

How are Unemployment Benefits Taxed?

March 9, 2017March 9, 2017 / Philip Taylor

Being out of work and filing for unemployment benefits tends to be low on the list of fun and interesting topics to talk about with your friends. It’s no surprise that accurate information about the taxation of unemployment benefits is...

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Taxes 101

What is a 1099 Form?

February 18, 2017March 1, 2017 / Elle Martinez

Although you don’t need to know much about tax forms with TurboTax on your side, it’s always best to organize your forms that when you sit down to do your taxes. Many people are familiar with W-2s, but they may not be aware that other financial documents...

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Self-Employed

Forms 1040 and 1099? We explain the differences.

February 6, 2017February 6, 2017 / Brie Weiler Reynolds

Depending on the industry, employees and freelancers may seem to do similar work, but their exact roles, their connections with a company, and their tax status are all very different. Naturally, this affects how a person might complete and return...

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Tax Planning

W-2 Arrival: All You Need to Know about Tax Forms

January 28, 2017February 8, 2017 / Ginita Wall, CPA, CFP®

Businesswoman sitting on the floor and working in a relaxed atmosphere.

This post can be found en Español here. If you were employed during 2016, you should receive your Form W-2 (officially known as the Wage and Tax Statement) from your employer soon since employers were required to send them out by...

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1099 MISC/K, Self-Employed

Tax Forms for the Self-Employed

December 9, 2016March 13, 2017 / TurboTaxBlogTeam

When you’re self-employed, it is important to remember that your tax situation will be different from those who just have an employer, meaning that you will need to use different forms to file your taxes. But don’t fret: TurboTax will ask...

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Business Income

Our Guide to Holiday Side-Gigs

December 6, 2016December 6, 2016 / Elle Martinez

While most people see their expenses increase in December due to the holidays, now can also be the perfect time to finish the year on a positive note with your finances. One way you can do this? Taking on a seasonal job or side...

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Income and Investments

Selling Your Home? 4 Must Know Tax Tips

August 9, 2016 / TurboTaxLisa

With home sale prices on the rise again you may be considering selling your home soon to cash in on a profit. Although most homeowners find that their home-sale profit is tax-free there are tips you should know to make...

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Tax News

Tax Form Arrival: What Other Tax Forms You Should Expect in the Mail

February 5, 2016February 9, 2016 / TurboTaxBlogTeam

You’ve likely started receiving your relevant tax forms in the mail, which includes your W-2. The IRS required employers and other financial institutions to send out W-2s and other tax forms by January 31. So what else should be making...

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