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Deductions & credits
Yes, I am married. My spouse's Sch SE was a loss so there was no calculation for the Self Employment Tax.
My Sch SE on Line 10 is the $975 Self Employment tax and then right below that on Line 11 there is a 2.9% calculation of $228 making it $1203. What is the 2.9% charge?
I looked on the Earned Income Worksheet and TT had in fact already deducted the Self Employment deduction. So, TT is taking out the SE deduction but not combining the two Sch Cs.
Thank you so much for your help!!! I should have thought of looking on Sch SE first!! Thank you!!!
March 22, 2024
3:54 PM