@dmertz wrote:
You must also subtract any self-employed retirement deduction that is present on Schedule 1 line 16. However, consuming all net profit this way would require making an employee elective deferral to a SIMPLE IRA or an individual 401(k). If you were experimenting with self-employed retirement contributions but will make no such contributions, make sure to delete the Keogh, SEP and SIMPLE Contribution Worksheet, if present.
It's an extremely simple little Schedule C from a 1099-NEC with only small amount of supplies deducted from gross SE income. And there is no simple, SEP, etc. and no figure on Schedule 1, Line 16. I would think a lot of people have a little of both types of income and that it would normally count both types of income as earned income on the 2 worksheets. I'll doodle around with the online program and report back if I figure it out. Makes me want to go back to desktop program. :). Thanks again.
