Welcome Guest. Register Now!  


For 2013 Tax Tips For Year 2013.


 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 04-15-2014, 05:45 PM
Junior Member
 
Join Date: Apr 2014
Posts: 1
1099 and W2 dont add up

Hi all,

So I workd in 2013 with both 1099 and W2.

As a 1099 I made $10500
As a W2 I made $29500

At the end it said I owed roughly $2,000.

I then decided to do each my 1099 and W2 separately. When I did my 1099 by itself it said I owed roughly $1400. When I did my W2 separately withouth my 1099, it said I get a refund of roughly $1300.

Why is it that when I entered both of them in TurboTax that it says I owe $2000? When doing them separately shows that they would pretty much cancel each other out?

I dont know much about this, so I figure their is logical explanation - that may still be over my head, but still.. would love to know.

Thanks for the help



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
employer paid me with a 1099 but I dont own a business aimee Income 1 01-05-2014 05:33 AM
If the GOP and Dem's dont agree on a budget would there really be a financial meltdown? ebenda Investment Strategy 3 07-27-2011 09:03 PM
Dont forget to make an IRA contribution for 2006 TaxGuru IRA/Sep 0 04-04-2007 10:31 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.