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Tips Credit for Self-Employed`
I have a client who is self-employed as a hair dresser and receives tips. I would like to record the tips credit for her but under the "Qualified Tips Smart Worksheet for Schedule 1-A, Part II", none of the business information for net profit appears and there are two asterisks next to "All other tips (such as cash) from individuals" that says these tips are not currently eligible but may be in the future.
Does this mean the tips credit doesn't apply to self-employed individuals? Or do I need to check a box or record something elsewhere within Proseries?
Thank you!
2 weeks ago