Self Employed - Gross Pay(?)

I don't have a buiness per-se, but I am self employed.

I do not advertise, I'm not generally for hire, I don't have a business card.

I do participate as an associate of an LLC, but I am not officially a part of
that company.

I do have a few people that I work for. I do a schedule C and pay my own taxes.

I'm not sure how to setup my Income, the only option seems to be, Salary - Gross
Pay

I'm tempted to use either Other Income or Periodic Income, but I don't know
which of the three would be best.

I'll post a followup if I haven't provided the critical info that would be the
deciding factor.

TIA

JeffP....

via_newsgroup
Sat Jan 31 14:59:44 CST 2004

In microsoft.public.money, JDP@Work wrote:

>I don't have a buiness per-se, but I am self employed.
>
>I do not advertise, I'm not generally for hire, I don't have a business card.
>
>I do participate as an associate of an LLC, but I am not officially a part of
>that company.
>
>I do have a few people that I work for. I do a schedule C and pay my own taxes.
>
>I'm not sure how to setup my Income, the only option seems to be, Salary - Gross
>Pay
>
>I'm tempted to use either Other Income or Periodic Income, but I don't know
>which of the three would be best.
>
>I'll post a followup if I haven't provided the critical info that would be the
>deciding factor.

I suspect that the Business version has pre-defined categories.

You can make your own categories. Before or after making the
categories, you can go to Accounts&Bills->Categories&Payees. Click
New, or double-click an existing category. If appropriate, check the
Include on Tax Forms box. Then select schedule C and the appropriate
line.

JDP
Sat Jan 31 18:59:59 CST 2004

Carl,

Thank you. I had created a new catagory after I posted this question, and now I
see that I would want to bind it to a tax form.

Would it make more sence for me to create as many catagories as I receive money
from, that way I would bind it to a 1099-MISC?

TIA

JeffP....

"Cal Learner-- MVP" <via_newsgroup@please.tnx> wrote in message
news:7a5o1090jhj9j0uhqjq6vfr25v2j16umum@4ax.com...
> In microsoft.public.money, JDP@Work wrote:
>
> >I don't have a buiness per-se, but I am self employed.
> >
> >I do not advertise, I'm not generally for hire, I don't have a business card.
> >
> >I do participate as an associate of an LLC, but I am not officially a part of
> >that company.
> >
> >I do have a few people that I work for. I do a schedule C and pay my own
taxes.
> >
> >I'm not sure how to setup my Income, the only option seems to be, Salary -
Gross
> >Pay
> >
> >I'm tempted to use either Other Income or Periodic Income, but I don't know
> >which of the three would be best.
> >
> >I'll post a followup if I haven't provided the critical info that would be
the
> >deciding factor.
>
> I suspect that the Business version has pre-defined categories.
>
> You can make your own categories. Before or after making the
> categories, you can go to Accounts&Bills->Categories&Payees. Click
> New, or double-click an existing category. If appropriate, check the
> Include on Tax Forms box. Then select schedule C and the appropriate
> line.
>

via_newsgroup
Sat Jan 31 20:35:13 CST 2004

In microsoft.public.money, JDP@Work wrote:

>
>
>Thank you. I had created a new catagory after I posted this question, and now I
>see that I would want to bind it to a tax form.
>
>Would it make more sence for me to create as many catagories as I receive money
>from, that way I would bind it to a 1099-MISC?

When you have a category that you find maps to a given copy of a
form, Yes.