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Get your taxes done using TurboTax
What wages? If she is self-employed, she does not receive wages. When one is a sole proprietor, the business is a disregarded entity, the net profit is taxable income and net earnings are net profit minus the deductible portion of self-employment taxes. There is no deduction for net earnings from self-employment because tax must be paid on the income.
March 30, 2024
9:24 AM