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Deductions & credits
So this is exactly why I asked the question. On the one hand, I stopped generating new income at the end of April (but received payments later).
But on the other hand I'm a single individual LLC reporting all my business income on schedule C. Self employed income is lumpy. As long as I earned more than the premiums I'm deducting, seems like that meets the criteria.
So please help me out, tax experts. Which way is it?
‎April 8, 2024
10:39 AM