ErnieS0
Expert Alumni

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:

 

  1. Type sch se in Search (magnifying glass) in the top right corner
  2. Select Jump to sch se
  3. On the screen “Self-Employment Tax” select Make Adjustments
  4. 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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