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Get your taxes done using TurboTax
Here’s how to remove self-employment tax from the Form 1040 that you are filing with the U.S. Virgin Islands:
- Type sch se in Search (magnifying glass) in the top right corner
- Select Jump to sch se
- On the screen “Self-Employment Tax” select Make Adjustments
- On “Enter Income Adjustments” enter your net profit as a negative number in Other SE NonFarm Profit (Loss)
You’ll know you did this correctly when the screen “Self-Employment Tax” says That’s all we need for our calculation of self-employment tax, and you don’t owe self-employment tax for 2022.
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April 13, 2023
4:04 PM