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Why did my taxes go UP after I identified my self employment income as being foreign-derived earned income which is excludable?
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December 9, 2019
3:36 PM
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Deductions & credits
You may be able to exclude the SE income from federal taxes but you will still owe SE taxes on the profits.
December 10, 2019
1:21 PM
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Deductions & credits
And by removing the income you may have lost some or all of the credits that was paying off the SE taxes ... I suggest you look at the form 1040 before and after that change to see exactly what actually happened.
December 10, 2019
1:40 PM