Retirement tax questions

For 2022 the total contributions you make each year to all of your traditional IRAs  and Roth IRAs can't be more than:

• $6,000 ($7,000 if you're age 50 or older), or
• If less, your taxable compensation for the year

If you are self-employed your taxable compensation is your net profit (line 3 of Schedule 1) reduced by 

• The deduction for contributions made on your behalf to retirement plans (line 16 of Schedule 1), and
• The deduction allowed for the deductible part of your self-employment taxes (line 15 of Schedule 1).

Therefore, if you contribute the full net profit from line 3 Schedule 1 then you already contributed more than the taxable compensation and therefore made an excess contribution.

@bluetaxbird