Why is turbo tax calculating an 18700 federal tax liability for a married couple with ~109000 of taxable income.

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Why is turbo tax calculating an 18700 federal tax liability for a married couple with ~109000 of taxable income.

You are asking from the self-employed version, so I'm assuming at least one of you has self-employment income. In addition to regular income tax, you must pay self-employment tax of 15.3% on 92.35% of your net self-employment income.

Why is turbo tax calculating an 18700 federal tax liability for a married couple with ~109000 of taxable income.

The llc has a loss all income is drom w2

Why is turbo tax calculating an 18700 federal tax liability for a married couple with ~109000 of taxable income.

all income is from 1099 and interest income from bond investments. llc had a loss

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Why is turbo tax calculating an 18700 federal tax liability for a married couple with ~109000 of taxable income.

Why is turbo tax calculating an 18700 federal tax liability for a married couple with ~109000 of taxable income.

Why is turbo tax calculating an 18700 federal tax liability for a married couple with ~109000 of taxable income.

Why is turbo tax calculating an 18700 federal tax liability for a married couple with ~109000 of taxable income.

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Why is turbo tax calculating an 18700 federal tax liability for a married couple with ~109000 of taxable income.

Why is turbo tax calculating an 18700 federal tax liability for a married couple with ~109000 of taxable income.

Why is turbo tax calculating an 18700 federal tax liability for a married couple with ~109000 of taxable income.

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