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Why does Turbo Tax say I have Farm income when I don't?
I am looking at my Schedule SE and line 7 says: 7
Maximum amount of combined wages and self-employment earnings subject to social security tax or
the 6.2% portion of the 7.65% railroad retirement (tier 1) tax for 2020 . . . . . . . . . . . $ 137,700
I DON'T HAVE A FARM!
Maximum amount of combined wages and self-employment earnings subject to social security tax or
the 6.2% portion of the 7.65% railroad retirement (tier 1) tax for 2020 . . . . . . . . . . . $ 137,700
I DON'T HAVE A FARM!
March 11, 2021
9:53 AM