Re: I'm self-employed, SEP max limit is 25% of net earnings from self-employment. How is net earnings determined - net income, gross payments for services, or something else?
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Re: I'm self-employed, SEP max limit is 25% of net earnings from self-employment. How is net earnings determined - net income, gross payments for services, or something else?
So, how does TT calculate the maximum?
There is a checkbox for Maximize. When selected, it computes a value. Could someone shed some light into what numbers are considered from Schedule C? 20% of Net Profit is not quite matching.
Thank you.
posted
4 weeks ago
last updated
April 14, 20248:36 AM
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Re: I'm self-employed, SEP max limit is 25% of net earnings from self-employment. How is net earnings determined - net income, gross payments for services, or something else?
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