Must I enter write-offs which will lower my eic, refund?

turbocharmatt · ‎June 1, 2019

wife owns small biz w/deductions, I am out of work for whole year workers comp. we have two children

MinhT · ‎June 1, 2019

You are required to claim all allowable deductions in computing net earnings from self-employment, You are not allowed to leave out certain deductions to increase your Earned Income credit.

Please read this IRS document for more information:

https://www.eitc.irs.gov/tax-preparer-toolkit/frequently-asked-questions/earned-income-self-employme...

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