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Old 11-18-2012, 02:38 PM   #1
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Join Date: Nov 2012
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CSS Profile - Parents Business Asset question

My wife has a small side job where she receives a 1099 misc and we report on schedule c. By the definition on CSS Profile, she is not self-employed as the majority of her income is from job where she receives a W2. Howerver, question is do we still have to fill out business assets section of CSS Profile even though she is not considered to be self-employed?
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Old 11-19-2012, 05:24 PM   #2
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I would say no. She does a little bit of work for contract - there are no business assets. She only has to report the income.
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Old 11-19-2012, 05:46 PM   #3
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She has to report the income from it...and be aware that CSS Profile often "adds back in" some business deductions.
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Old 11-19-2012, 09:36 PM   #4
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I also have 1099 income. It is a small amount of contract work. I do not own a business. My husband does the same. This income is included in our adjusted gross income. We do not do a schedule as business owners...do we don't have "business expenses".
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