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Filling out Profile, have questions.

HeartofDixieHeartofDixie Registered User Posts: 118 Junior Member
I am trying to finish up the profile and have some questions if anyone can help.

Employment: I work cleaning my church but am issued a 1099 so not considered an employee. I listed occupation as contract cleaning, checked the box for self-employed, but then on name of employer I put the church's name. Technically they aren't my employer I guess, but I don't know what else to put in that box.

Participates in the following retirement plans: I checked the box for plan to draw social security upon retirement and also checked the box for 401(k) but am not sure if that means that you are currently contributing to one or just that you have in the past and still have money in there. I am not currently making contributions to any plans but have a couple of small 401(k)'s from years past. Current value of tax-deferred retirement, pension, annuity, and savings plans: do I just list the current balances of my two plans?

Other parent information: Occupation/employer, he has been on disability for about 2 1/2 years but just started a teaching job last week. I have no idea if he will continue working or if he will quit/get fired, he has a few months to give it a try before getting kicked off disability. Would I list him as disabled or as a teacher?

For amount earned in 2017 I put the amount the amount listed as business income on schedule C, which was amount paid minus a small amount of expenses. I had $0 contributions to tax deferred accounts for 2017.

For social security benefits received for all family members except any who will be in college in 2019-2020, that were not reported on a tax return. This is the amount that they draw because their father is on disability, $6,168 for 2017 for the younger two.

For 2018 income and benefits I put 7800 which is the amount I was paid, and 6168 in untaxed income and benefits for the SSA payments received by 2 children. It doesn't specify in this section to exclude any received by student who will be enrolled in college for 2019-2020 but I just followed what I entered in the last section.

Under child support I marked no, that no child support was received, though the court is counting the SSA payments in place of child support.

Under housing details: we purchased our home in 2002 for 40,000 but added on in 2010 doubling size and spending an additional 40,000. I'm not sure if that should be reflected in purchase price or not.

Under parent business/farm setup I checked own or operate a business that is a primary income source(though technically it isn't a real business), do I list 1 business owned or operated? The next page then asks for all sorts of business information(name, type of business, etc.) and I have no idea what to put there.

Parent expenses: I marked medical and dental expenses not covered by insurance but on repayment of student loan debt in 2017 & 2018 I assume that even though I am on a payment plan that since the payment was $0 that I don't check those boxes.

For medical and dental expenses detail, I assume that is the amount I paid for any household members, including myself?

On student income and benefits, I put the information from my son's tax return for his job. Other untaxed income: would I list the SSA checks he received? His siblings were listed under my information but since it didn't have me list his there would I list here or ignore it?

On student's expected income and benefits, I basically guessed. $500 for summer 2019 earnings and 1500 for 2019-2020 school year. His SSA check stops when he graduates so I didn't put any expected untaxed income.

I put the amount in his savings account(only about $200 left) but his father's parents might have a savings account for him, they aren't likely to give me any information though.

Other student assets asks about a student owned business. His job issues a 1099 so it is considered business income but of course he doesn't actually own a business, not sure what to mark.

I don't think any of the special circumstances apply, but I am very confused at this point.

Replies to: Filling out Profile, have questions.

  • HeartofDixieHeartofDixie Registered User Posts: 118 Junior Member
    No one can help?
  • thumper1thumper1 Registered User Posts: 73,203 Senior Member
    You have a sea of questions. Might I suggest you post only two or three at a time...with the question number on the current Profile, or the question wording.

    In most cases 1099 is issued to someone who is self employed.

    What is the question about taking retirement benefits?

    Yes, you list the current value of your retirement accounts...but t also depends on what they are.

    For the parent...this is for 2017. What was he doing in 2017?

    Amount earned in 2017? Which question are you talking about?
  • happymomof1happymomof1 Registered User Posts: 28,582 Senior Member
    You are self-employed. Use your own name as the name of your employer.

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