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Investors & landlords
in general, any individual who carries on a trade or business is subject to self-employment tax. An activity carried on for a livelihood or in good faith to make a profit is a trade or business. A taxpayer does not actually have to make a profit to be in a trade or business as long as there is a profit motive. The activity does not have to be a regular full-time job to be subject to SE tax
‎June 29, 2020
5:23 PM