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Business & farm
thank you! I found out that the way I entered in my income was triggering "self employment tax" on a schedule 2. All I need to know is how to enter cash deposits that DONT require the self employment tax. (It seems very counter-intuitive that the feds would ask for $10k+ when my AGI ended up at -$55k.)
I tried "freelance" with adding income via bank account. After removing that I tried "home business" in my personal name which triggered the schedule C.
Is there any other way to show the deposits without getting the self employment penalty?
March 25, 2020
11:55 PM