As a 1099, I pay taxes at the end of the year, and soon I’ll be paying taxes quarterly once profits increase.
Roth ira, you pay tax upon contributions instead of withdrawals. Technically, I contribute $400 to my Roth, I haven’t paid the tax yet, hence my 1099 status.
How does this work?
Submitted September 03, 2024 at 01:45AM by ElectroShamrock https://ift.tt/dMjZ8DT
