I will suggest you to print out your tax forms and paper file to the IRS. To see explanations, click here:
Correct AGI got rejected
As of today, form 7202 should be ready to e-file.
- If you are using the TurboTax CD/Download software program, open TurboTax and select Check for Updates from the Online menu near the top.
- And try again.
The AGI is calculated as follows:
- It is equal to the total income you report that’s subject to income tax—such as earnings from your job, self-employment, dividends and interest from a bank account—minus specific deductions, or “adjustments” that you’re eligible to take.
- Your AGI is calculated before you take the standard or itemized deductions —which you report in later sections of the return.
To learn more, click here: AGI
As far as Form 7202, to be an eligible self-employed person to qualify, you must meet the following requirements:
1. You have regularly carried on a trade or business within the meaning of section 1402. See 1402 business
2. You would have been:
A. Eligible to receive qualified sick leave wages under the Emergency Paid Sick Leave Act if you had been an employee of an employer (other than yourself), and/or
B. Eligible to receive qualified family leave wages under the Emergency Family and Medical Leave Expansion Act if you had been an employee of an employer (other than yourself)
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
