Retirement tax questions

A 3,000 loss on line 7 of the form 1040 would do it. That drops you below the minimum where part of 6a gets taxed.   (or...If you have a net loss for Self Employment income, I'm not sure how that might play into it, if at all)

 

Check your Social Security Benefits worksheet in Forms Mode.....that shows what's happening to cause 6b to be a zero.

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If a loss on line 7 of the 1040 is causing the 6b to be zero......or the SS Benefits worksheet clarifies why 6b is zero, then you can go ahead and continue entering your data.  6b may start changing as you work on it.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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