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I paid $775 in self employment taxes in 12/2021. These were taxes deferred from 2020. Can I deduct this amount on my 2021 return as a business expense?
Some details: on my 2020 return, I was able to defer my self employment taxes. I paid half if this deferral ($775) in December 2021. Can I deduct this amount as a business expense on my 2021 return. Note: I am still self employed.
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‎April 11, 2022
7:24 AM