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Self employed
I included the net profits in last year's return but not additional self-employment taxes. I wasn't aware I needed to do this. The net profits plus my social security income did not exceed my standard deductions, so I received a return instead of having to pay additional income tax.
So to answer your question, yes, the additional income was above $400 (actually $3,000), but I did not pay self-employment taxes. I am asking if I need to file a corrected return for last year?
Appreciate your response! Thanks!
‎August 30, 2023
10:52 AM