Turbotax showed that I owed Federal Taxes even though I am in the negative over $10,000 in losses from trading stocks. It is the same amount I owe ($266) as before I entered that I lost the $10,000. Any way I can change this please?
Thanks!
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From you post it appears you have about 1800 of SE income.
If you are Self Employed, you can't avoid the SE tax.
Also pay attention to your stock loss carryforward, since only $3,000 can be deducted each year.
From you post it appears you have about 1800 of SE income.
If you are Self Employed, you can't avoid the SE tax.
Also pay attention to your stock loss carryforward, since only $3,000 can be deducted each year.
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