I've completed my federal taxes and am not required to pay self-employment tax because I operated at a loss. Upon opening my SC return the first question I'm asked is:
1. What is one of the self-employment tax related to the -$2,304 listed above?
2. What is one half of the self-employment tax on partnership income related to South Carolina (do ot include any of the amount from question 1).
I cannot figure out where or how to come up with this number?! And I can't go any further in my state return as a result.
You'll need to sign in or create an account to connect with an expert.
Half of the self employment tax on that business income would be zero. Completely clear the field by using the delete key on your keyboard, if that doesn't allow you to move forward try putting one dollar (1) to see if that makes a difference. I hope this helps.
Half of the self employment tax on that business income would be zero. Completely clear the field by using the delete key on your keyboard, if that doesn't allow you to move forward try putting one dollar (1) to see if that makes a difference. I hope this helps.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
In Need of Help
Level 1
jtupp72
Returning Member
cshoemaker58
New Member
Jeffrey_O_Anderson
New Member
BFFlint
New Member
in Education