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Schedule SE deduction for notarizations
Posted by Kathy/NJ of NJ on 3/12/19 8:10am Msg #604286
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!
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Messages in this Thread
 Schedule SE deduction for notarizations - Kathy/NJ on 3/12/19 8:10am
 Re: Schedule SE deduction for notarizations - Clem/CA on 3/12/19 9:13am
 Re: Schedule SE deduction for notarizations - Kathy/NJ on 3/12/19 11:11am
 If you're using TurboTax there should be a SE Adjustment -  MW/VA on 3/12/19 11:14am
 BTW, the IRS has never questioned my taking that exemption. n/m -  MW/VA on 3/12/19 11:14am
 Re: BTW, the IRS has never questioned my taking that exemption. - Kathy/NJ on 3/12/19 2:54pm
 Do consider if you SHOULD take the SE exemption... -  Roger_OH on 3/12/19 11:12pm
 Re: Do consider if you SHOULD take the SE exemption... - Philip Johnson on 3/13/19 12:22pm



 
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