joshwats
Returning Member

Get your taxes done using TurboTax

Hi Dave!

 

You said,

 

4. It sounds like your self-employment tax is based from a $103,772 housing allowance because of the following formula to determine self-employment tax.  This is ($103,772)(.153)(.9235)=$14,663.

 

So wait, it thinks my housing allowance is $103,772?  How?  I put $23,400 in Box 14.