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Deductions & credits
@aviedel , does line 31 of your Schedule C show net profit from self-employment? If not, you might not have entered the Form 1099-NEC correctly or your expenses exceed gross income from self-employment and you have a loss. Examine TurboTax's Keogh, SEP and SIMPLE Contribution Worksheet to see the calculation of the deductible amount.
March 26, 2025
4:38 AM