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Why does TT say I have no earned income when there is a profit on schedule C,

thank you volvogirl for tax calc , line 16 info.  The secret tax calculation not mentioned in the 1040 instructions .

 

Question about Social Security mis calculation is still open.  The info from IRS didn't mention any other info being changed. And, like I said, my use of the taxable SS worksheet gave a different , higher amount than TT.  Using the same filed income, 1099-r amounts. 

RobertB4444
Expert Alumni

Why does TT say I have no earned income when there is a profit on schedule C,

The notice from the IRS stated that your IRA was non-deductible.  TurboTax has it entered as a deductible contribution, yes?  Removing that deduction would increase your income and cause more of your social security to be taxable.  

 

@astro46 

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Why does TT say I have no earned income when there is a profit on schedule C,

the letter from IRS said that there was a miscalculation in taxable SS,  nothing about deductible IRA.  TT had IRA as non-deductible, and excess.

DawnC
Expert Alumni

Why does TT say I have no earned income when there is a profit on schedule C,

When entering your SSA-1099, did you accidentally click YES on the question below?   If you answered Yes, your social security income would have been underreported.  

 

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Why does TT say I have no earned income when there is a profit on schedule C,

I don't think that I claimed to live in another country.  It isn't that SS wasn't taxed, TT figured an amount to tax,  but not the correct amount.  I calculated it myself, as I mentioned in post above, using the IRS worksheet and the same numbers on 1040 that TT had entered for other income,  and got a higher amount.  

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