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Deductions & credits
Q. So is my investment income $4000-$3000 = $1000 or does it remain $4000 and I do not get any EIC?
A. Simple answer: it remains $4000 and you do not qualify for EIC
Line 5 of the referenced worksheet says "Enter the amount from Form 1040 or 1040-SR, line 6. If the amount on that line is a loss, enter -0-
May 2, 2020
1:27 PM