ThomasM125
Expert Alumni

Retirement tax questions

It is possible that the EIC is being denied for another reason, such as you having more than $3,650 in investment income or you don't list a dependent, or you haven't entered a valid social security number for a dependent. If you listed another business with a loss it will reduce your net earned income.

 

Also, it is early in the roll out of the program, so things may not be finalized yet. If you are using the desktop version of TurboTax, make sure you have done updates on the program.

 

You could try entering another schedule C with just the sales entry equal to your net business income to see if the program will recognize that income as earned. If that worked, you may have to delete the original schedule C information and put it on the new schedule.

 

 

 

 

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