Join  |  Login  |   Cart    

Notary Rotary
Welcome to Notary Rotary Find a Notary Notary Forum Become a Notary and Find Notary Classes Notary Insurance Notary Supplies Notary Resources  
 
Just PoliticsLeisure
Welcome to the Notary Talk General Discussion Forum. Before posting, please read the

You are replying to this message:
 Schedule SE deduction for notarizations
Posted by Kathy/NJ on 3/12/19 8:10am

Every year I have a problem with the IRS regarding this, so I'm hoping someone could just clarify for me. I understand that we take net profit minus the fees our state allows for notarizations, which gives net income for SE tax. On Schedule SE, line 3, do we put "exempt notary" with the amount, in parentheses, of the net profit minus the allowable notarizations fees? That's what the instructions seem to say. Then, in the column, the amount of the notarizations goes in (I'm using Turbo Tax). Thanks for your help!
Important Notice

At this time, you must be signed-in to Post a Message to the Notary Talk Discussion Forum.

In order to sign-in, you must have a Notary Rotary™ membership. Basic Membership is free. Basic Members should update their profiles at least every 6 months to prevent them from being deleted.

If you do not already have a membership, click the Join link above. After creating your profile, you should log in and update it from the My Profile page. If you do not want your information displayed to others (e.g. advertised under Find a Notary), you can hide it by checking the "Hide profile from searches" box.

If you already have a profile, click the Login link above to sign-on. If you have forgotten your password, follow the directions on the login page.

 
Find a Notary   Notary Supplies   Terms   Privacy Statement   Help/FAQ   About   Contact Us   Archive  
 
Notary Rotary™ is a trademark of Notary Rotary. Copyright © 2002-2024, Notary Rotary, Inc.  All rights reserved.
500 New York Ave, Des Moines, IA 50313.