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Level 3
March 11, 2021

are you preparing form 7202 for self-emplyed?

  • March 11, 2021
  • 2 replies
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    2 replies

    Level 15
    March 11, 2021

    If the taxpayer qualifies for it, yes.

    If the taxpayer does not qualify for it, no.

    Intuit Community Champion
    March 18, 2021

    I'm trying to always make inquiries for my SE folks and see if I can rationalize taking it for them.  The qualifications appear pretty broad.

    What I don't like is the presumed ~250 workdays.  I have photographer clients that don't work M-F.  So their net income is being divided up assuming they work five days a week.  But that's another rant for another day...

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