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Social Security Tax Paid as Single Proprietor LLC
as a single proprietor LLC, I paid (via estimated taxes) 12.4% (6.2% rate times 2) to cover the social security taxes owed. I'm trying to determine where on Schedule C or my 1040 do I get credit for 50% of the social security that I paid since I have no employees.
Thanks
Rob
March 6, 2021
10:30 AM