gawdiaq23
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"Allowabledeductions include contributions to SEP and qualifiedplans for common-law employees and the deduction allowed for the deductible part of your self-emp...
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But where is it explained that self-employment tax is supposed to be deducted from Earned Income before any deductions (like 401k)?
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I don't understand how deducing taxes happens before determining income works. That line in the definition is not clear in that determination.
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According to page 6:Net earnings from self-employment. For SEP andqualified plans, net earnings from self-employment areyour gross income from your trade or bus...
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Why is earned income for self-employed people after tax if 401k is pre-tax?
Activity Feed for gawdiaq23
- Posted Re: Turbo Tax does not allow me to add full self-employment retirement deduction on Get your taxes done using TurboTax. April 1, 2024 12:57 PM
- Posted Re: Turbo Tax does not allow me to add full self-employment retirement deduction on Get your taxes done using TurboTax. April 1, 2024 9:14 AM
- Posted Re: Turbo Tax does not allow me to add full self-employment retirement deduction on Get your taxes done using TurboTax. April 1, 2024 7:27 AM
- Posted Re: Turbo Tax does not allow me to add full self-employment retirement deduction on Get your taxes done using TurboTax. March 30, 2024 11:09 AM
- Posted Re: Turbo Tax does not allow me to add full self-employment retirement deduction on Get your taxes done using TurboTax. March 30, 2024 9:48 AM
- Posted Re: Turbo Tax does not allow me to add full self-employment retirement deduction on Get your taxes done using TurboTax. March 30, 2024 9:35 AM
- Posted Re: Turbo Tax does not allow me to add full self-employment retirement deduction on Get your taxes done using TurboTax. March 30, 2024 9:18 AM
- Posted Re: Turbo Tax does not allow me to add full self-employment retirement deduction on Get your taxes done using TurboTax. March 30, 2024 8:13 AM
- Posted Re: Turbo Tax does not allow me to add full self-employment retirement deduction on Get your taxes done using TurboTax. March 30, 2024 7:21 AM
- Posted Re: Turbo Tax does not allow me to add full self-employment retirement deduction on Get your taxes done using TurboTax. March 30, 2024 6:38 AM
- Posted Turbo Tax does not allow me to add full self-employment retirement deduction on Get your taxes done using TurboTax. March 29, 2024 9:51 PM
- Posted My last name has over 20 Characters. Can I still use Turbo Tax? on Business & farm. June 5, 2019 11:00 PM