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If a I do not owe Federal Insome Tax but owe Self- Employment social security Tax, will my Solar Energy credit be applied to to the Self- Employment tax? I computed on Turbo tax but it does not carry over to the self-employemnt tax. Please advise. Pete C
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No. Self-employment tax is a completely different tax. It is put toward your social security and medicare accounts. It is not Federal income tax.
Thank you Coleeen, you confirmed my answer. Pete C
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