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valerie_29718-ya
Level 1

How accurate is quickbooks with 2 self employed accounts (2 businesses) and I have w2 income also? Should I list my w2 income on both tax profiles?

I have 2 businesses that I own and I also have w2 income. I can only put one business on an account. I want to make sure I'm paying accurate estimated quarterly taxes.
1 Comment 1
LollyNino_C
QuickBooks Team

How accurate is quickbooks with 2 self employed accounts (2 businesses) and I have w2 income also? Should I list my w2 income on both tax profiles?

Thank you for choosing QuickBooks Self-Employed (QBSE) as your accounting software, Valerie. 

 

I can share information about adding W2 to your business account.

 

QuickBooks Self-Employed is designed primarily for individuals who have one business. Yes, you must enter W2 in both accounts to ensure QuickBooks can accurately calculate since you have two separate business entities.

 

When it comes to entering your W-2 income in QBSE, it would be best to confirm this one with your accountant to help and guide you with this. Your accountant can provide more expert advice in dealing with this concern.

 

I'm leaving you some articles to help guide you in filing 1099 and W-2 in QuickBooks Self-Employed:

 

 

Let me know if there's anything that you need to know about setting up your W2 income or if you have any other concerns with your account. I'm always here to assist. Take care and have a great rest of the day!

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