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Deductions & credits
Thanks for the latest reply. My self employed gross income was $50,000. My self employed net income was $11,000. Still not clear with this since contributing $7,000 is less than my net income of $7000.
Again is it not either $6,000 or $7,000 max. So where does the extra $500 come from causing a max of $6,500 according to TurboTax?
March 3, 2021
7:19 PM