Share
How do you prepare tax returns for freelancers?
I am currently working through Upwork as my main source or income at this time as a freelancer. When I am going to prepare my taxes how should I be filing my taxes? Is this income counted as a regular self employment income?
in progress
1 Answer
Answer
Hi, when you registered for Upwork if you are a US Freelancer they usually request that you complete a W9. At the end of the year, they will provide you with 1099 if your earnings are over $600. You should be including this income in your taxes as an independent contractor on a Schedule C of your 1040 Individual Tax Return.