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Retirement tax questions
Even though you may not be subject to income tax because the standard deduction or Schedule A deductions and perhaps QBI deduction exceed your income, resulting in $0 of taxable income on Form 1040 line 10, you are still subject to self-employment taxes based on your net profit from self employment. You might also be subject to other taxes on Schedule 4 that are not income taxes.
‎October 8, 2019
8:27 AM
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