1099 NEC
Married filing jointly, both of us over 65. Total income before 1099 NEC is 90,000. When I enter my 1099 of 11,700 my taxes owed goes from -220 to+3800! We are using the standard deduction. Why is this, could it be correct?
Married filing jointly, both of us over 65. Total income before 1099 NEC is 90,000. When I enter my 1099 of 11,700 my taxes owed goes from -220 to+3800! We are using the standard deduction. Why is this, could it be correct?
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