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Why does TT say I have no earned income when there is a profit on schedule C,
Schedule 1 line 3 has an amount, from sched C for self employed. How could that not be earned income? It seems to be ok as earned income for making Simple contribution.
But other places, like when attempting a Traditional IRA, TT tells me it isn't allowed because I have no earned income.
Form 8995, QBI, it show the amount same as sched C amount/Simple contribution as a negative number. Similar to what it did the previous year(s?) and a negative carryover from previous year. So each year the negative number carryover get larger.
What is explanation for this? Some misplaced check mark? How does my earned income (schedule C), which I am paying income tax on, become a negative number, no income, in other places?
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March 26, 2025
2:43 PM