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Get your taxes done using TurboTax
Thank you. Yes, I have to pay SE tax but there is a major tax advantage for other reasons, that is why it was set up. Maybe I can re-phrase the question: If an 1099 applies to schedule C, does the ID marking move the information from personal income to schedule C? It needs to transfer DIV, INT, gains, foreign taxes paid, etc. to suitable lines in schedule C.
‎April 18, 2024
8:37 AM