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

Forum|Forum|7 years ago
June 1, 2019
1 reply
7 views

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

TurboTax Home & Biz Windows

MinhT1

Level 15

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-employment-income-and-business

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

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

1 reply

Unlock tailored help options in your account

Get answers to all your tax questions

Unlock tailored help options in your account

Get answers to all your tax questions

Sign up

Login with SSO

Let's get you signed in

Login with SSO