You'll need to sign in or create an account to connect with an expert.
You have to subtract out the deductible half of the self employment tax from the net profit on Schedule C. It’s the amount on 1040 line 27.
You have to subtract out the deductible half of the self employment tax from the net profit on Schedule C. It’s the amount on 1040 line 27.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
pizza6
New Member
NecronRon
New Member
12jrogers
New Member
oldyoungguy
Level 3
white-zone3378-w
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.