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Deductions & credits
Thank you for your response ColleenD3. I understand that books, supplies etc. would have needed to be bought during her time of self-employment so thank you for clarifying.
From ErnieSO’s (Expert) response yesterday, he said… “You can reduce her self-employment tax by adding business expenses and reducing the amount of net profit.”
When I enter her expenses (primarily gas and mileage), her Fed and State Tax is not reduced at all in TurboTax. Does that make sense?
Thank you again!
April 16, 2022
1:09 PM