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Retirement tax questions
Because it is self-employment income, TurboTax calculated the self- employment tax. Your taxable compensation for the year is reduced by $51, which is one half of the self employment income on $720. This is an adjustment to income so it reduces your taxable compensation.
Yes, TurboTax offers you the opportunity to go over your tax return with a licensed professional. Go to How do I schedule my review using TurboTax Live?
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ā€ˇFebruary 23, 2021
6:07 PM