Valid for tax years 2020 and 2021 only
Additional earnings from self-employment that you need to add to Form 7202 to claim the credit for qualified sick or family leave for self-employed individuals.
This amount will be added to the net earnings from self-employment. However, it will not be reported to the IRS as income. If you need to adjust your earnings on your Schedule C, report the income as follows:
- Federal Section
- Profit or loss from a business