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Get your taxes done using TurboTax
Neither of those.
For the Ohio Small Business deduction (SBD) your income is the net profit shown on schedule C. Since you have no expenses, your net profit would appear to be the total amounts (gross income) on the 1099-MISCs. The SEPIRA deduction reduces your taxable income, but not your business net profit
For the Ohio Small Business deduction (SBD) your income is the net profit shown on schedule C. Since you have no expenses, your net profit would appear to be the total amounts (gross income) on the 1099-MISCs. The SEPIRA deduction reduces your taxable income, but not your business net profit
‎June 6, 2019
7:27 AM