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Level 1

Why did my small profit from Sch C (less than $150 from 1099-MICS work) not trigger Sch SE like it did last year?

The work is similar to my primary W-2 job, so I checked yes.  I can also see the SE worksheet has the profit loaded on the right line.  Line 31 of Sch C says the profit  should be entered on Line 2 of Sch SE, but that form was not produced by the software.  It says something about Line 1 needs to being "checked".  What Line 1 is that?

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Level 10

Why did my small profit from Sch C (less than $150 from 1099-MICS work) not trigger Sch SE like it did last year?

If your earnings from self employment are less than $432, you do not need to pay self-employment tax.

1 Reply
Level 10

Why did my small profit from Sch C (less than $150 from 1099-MICS work) not trigger Sch SE like it did last year?

If your earnings from self employment are less than $432, you do not need to pay self-employment tax.