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Self employed
Hi kboy116!
Thank you for the question today! Congratulations on retirement!
The IRS does require you to file an income tax return if your net earnings from self-employment were $400 or more. Keep in mind this is net earnings, which is income less her business expenses.
As long as her net earnings are $400 or more, you will need to include on your tax return, and the self-employment tax too.
I hope this information is helpful. Have a great day!
Connie
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‎August 30, 2023
9:37 AM