| Your notary fees are supposed to be exempt from SS taxes. You take what you are paid for doing the job and substract the amount you are allowed for the value of your notarization. Example: Closing paid $150.00. 10 notarizations in package (in FL we are allowed $10.00 per document) value of notary fees = $100.00. You get you total net income (gross minus business deductions) and subtract the value of your notary fees, the balance is what you owe SS tax on. You must check the box for notary exemption or they won't be calculated correctly with Turbo-Tax. |
