Valid for tax years 2020 and 2021 only
Net earnings from self-employment are calculated using the gross income from your trade or business minus any deductions or expenses allowed related to that business.
Net earnings from self-employment are automatically pulled over for you from line 31 of the Schedule C.
If you did not add a Schedule C to your return and need to, go to:
- Federal Section
- Profit or loss from a business