Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 1, 2019 1:33:53 PM

If my schedule C line 31 is negative balance, do I have to pay self employment tax?

If my schedule C line 31 is negative balance, do I have to pay self employment tax?

0 1 3742
1 Best answer
Intuit Alumni
Jun 1, 2019 1:33:54 PM

No, if your business is showing a loss (negative) on Line 31 of Schedule C, then you would not be subject to Self-Employment tax for that business. 

1 Replies
Intuit Alumni
Jun 1, 2019 1:33:54 PM

No, if your business is showing a loss (negative) on Line 31 of Schedule C, then you would not be subject to Self-Employment tax for that business.