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Why does my taxable income show zero, yet I still owe federal taxes?
The AGI does show a positive number, but I thought that federal tax was calculated using Taxable Income. I also do consulting on the side, for which I did not pay any estimated taxes, so perhaps that's affecting my federal taxes? I have a little W2 income and I also have another side business that showed a loss this year that exceeded my W2 income.
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‎April 11, 2024
3:54 PM