- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self employed
Yes Supplies is the right place. His schedule C Net Profit should go down. He pays self employment tax on the Net Profit. But like for a small deduction it might not change too much. Only by SE tax percentage which is about 15.3%. So a $250 Deduction would only reduce the SE tax by about $36.
‎February 14, 2020
12:39 PM