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New Member

Not sure what and how to prorate?

 Given different sources of income including W2, dividends and self employment and all self employment income was on IL, then  100% of the 1/2 self employment deduction should be allowed or just the percentage of the SE income to the overall income  ? Same question for line 28 (self employed SEP, SIMPLE etc) ?

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New Member

Not sure what and how to prorate?

Yes. The 1/2 Self-Employment deduction is a direct function of your IL Self-Employment as is the Line 28 SEP deduction.

If you have additional questions or details regarding this, please feel free to post in the comments for further clarification.


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Highlighted
New Member

Not sure what and how to prorate?

Yes. The 1/2 Self-Employment deduction is a direct function of your IL Self-Employment as is the Line 28 SEP deduction.

If you have additional questions or details regarding this, please feel free to post in the comments for further clarification.


View solution in original post