topic Why do I have a ‘statutory income’ ? It’s well above my actual , how do I change this ? What does it even mean in Business & farm

Why do I have a ‘statutory income’ ? It’s well above my actual , how do I change this ? What does it even mean

ksull0 — Thu, 06 Jun 2019 16:06:26 GMT

Do you mean statutory employee? if not, what type of inc...

MichaelL1 — Thu, 06 Jun 2019 16:06:28 GMT

Do you mean statutory employee? if not, what type of income?

Is there a checkmark on your W2 in box 13 for it?

VolvoGirl — Thu, 06 Jun 2019 16:06:29 GMT

Is there a checkmark on your W2 in box 13 for it?

I’m a self employed daycare provider .. when I wanted to...

ksull0 — Thu, 06 Jun 2019 16:06:31 GMT

I’m a self employed daycare provider .. when I wanted to input my income it had an outrageous amount already there stating it added to my schedule c

OK, take a look at W-2 section and EDIT any W-2's listed...

MichaelL1 — Thu, 06 Jun 2019 16:06:32 GMT

OK, take a look at W-2 section and EDIT any W-2's listed as it appears there is one with an incorrect entry in Box 13 of the W-2.

All the Daycare income and expenses should be on the Sch C and not entered on return anywhere else, just as no income that is not DayCare should be reported on the Sch C business.