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Business & farm
Since you have a loss on your farm business, you will not be subject to self-employment tax, so you shouldn't have a schedule SE in your tax return.
The marriage credit may apply if your filing status is joint, and you and your spouse have earned income, taxable pension or social security income. Also, your taxable income is at least $40,000 and the income of the lesser-earning spouse is at least $26,000.
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‎April 11, 2022
11:34 AM