turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I'm self employed why dont I qualify for HOH EIC and child tax credits?

I am self employed, I get paid in cash but I do also have 2 1099-MISC forms. When I put all of my income in, I dont qualify for any tax credits because my income shows up as a negative number ex $-20,000. And it says I have no income. What am I doing wrong? 

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
Anita01
New Member

I'm self employed why dont I qualify for HOH EIC and child tax credits?

If you entered more expenses than income, then you have a loss for the year and do not have any income to qualify for the credits.  Only a profit would qualify.

View solution in original post

1 Reply
Anita01
New Member

I'm self employed why dont I qualify for HOH EIC and child tax credits?

If you entered more expenses than income, then you have a loss for the year and do not have any income to qualify for the credits.  Only a profit would qualify.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies