I am filing as individual, in NYC, and am confused about something regarding deductions.
I am essentially a freelancer working in the film & television business. However, I am part of a union, and even though I work on various productions (employed by various production companies) throughout the year, I am paid via a payroll company (actually, 3 or 4 national payroll companies only) and I have taxes taken out of each paycheck, and receive W2's for the jobs I work on. Now, I do also receive a small number of 1099-MISC as a result of certain equipment I own and rent out, but this is a small amount (roughly $3000-$5000 per year total as a result of rentals, which is the 1099-MISC income). The overwhelming majority of what I make is from W2 income.
Additionally, I have a 401K that is set up by my union (IATSE), and I contribute to it, a little bit (say, 5%-10%) for each job I do.
Now, I am being asked if I am "self-employed," as that -- if I understand correctly -- will allow me to deduct those 401K contributions. As I am a payrolled "employee," who received W2's, I didn't consider myself "self-employed." Am I in the eyes of the IRS? Since I have just a handful of rental 1099-MISC's? Am I able to deduct these 401K contributions?
Any help is greatly appreciated