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ndunaf
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I am about to fill out my self employed income information. I am unsure of how to answer the question of whether i made a 'Year-End Adjustment' Hoping for some clarity

 
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I am about to fill out my self employed income information. I am unsure of how to answer the question of whether i made a 'Year-End Adjustment' Hoping for some clarity

You would only need to make a year-end adjustment if your business uses a non-calendar year end. Most Self-employed people use January 01 to December 31 as their business year. But some people use a different 12 month period ex: April 1 2017 - March 31 2018. In that case, they would have to make a Year-End Adjustment.


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I am about to fill out my self employed income information. I am unsure of how to answer the question of whether i made a 'Year-End Adjustment' Hoping for some clarity

You would only need to make a year-end adjustment if your business uses a non-calendar year end. Most Self-employed people use January 01 to December 31 as their business year. But some people use a different 12 month period ex: April 1 2017 - March 31 2018. In that case, they would have to make a Year-End Adjustment.