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Level 2

If i'm 1099 and my taxable income is $0, should I still have tax liability?

 
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Level 20

If i'm 1099 and my taxable income is $0, should I still have tax liability?

You still owe self-employment taxes if the net profit shown on Schedule C is $433 or more, even if you do not have taxable income present on Form 1040 line 10.