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Business & farm
@biotime67 Business income can be subject to self-employment (social security) tax, but not always. For instance, business income reported as net income from an S corporation would not be subject to self-employment tax.
I think what you may be inferring is that you want to change rental income from passive to active by claiming that you are a real estate dealer. That would mean that the income would then be subject to self-employment tax.
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May 10, 2021
8:00 PM