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Education
Thanks. This is another reason why Turbo tax putting the income from a 1099 MISC as unearned income is a problem. it lowers the deduction significantly, whereas if it was recorded as earned income (which it is) the amount of the deduction would be close to $12k instead of the 5k I am now (because of other W-2 employment).
While I figured out how to count the 1099 MISC income as earned income for purposes of the kidding tax, I cannot figure out if/how to over ride Turbo Tax to make it earned rather than unearned income for purposes of the 1040 itself. Any ideas?
12 hours ago