In trying to follow the instructions, i entered the total proceeds from the business sale on Sch C, which goes to Sch 1, line 9, and then on form 1040, line 7a. It then is added to the total income and then taxed.
But, I also entered the business sale on form SE an the SE tax was figured, and them entered on form 1040, line 15.
So, it seems I am taxed twice for the proceeds from the business sale.
What am I doing wrong?
Thank you,
Doug,
Take care.
