prior to entering 1099misc my tax owed is $ 46,337. When I enter $47548 of 1099 I paid out, it shows $ 30,931 due. Why only a $ 15,406 reduction in tax owed ?
You'll need to sign in or create an account to connect with an expert.
Expenses paid are a reduction from your income, not from the taxes due.
Expenses paid are a reduction from your income, not from the taxes due.
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.
patty_campbell
New Member
mozelda
New Member
einnob57
New Member
teachoneanother
New Member
user17761972246
New Member