TaxGuyBill
Level 15
12-07-2019
01:24 AM
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I haven't read the Revenue Rulings, but §1402(c) says the term "Trade or Business... shall have the same meaning as when used in section 162" (with a few exceptions).
So to me, that means if it a business, it is subject to SE tax; if it is not a §162 business, it is not subject to SE tax.
So to me, that means if it a business, it is subject to SE tax; if it is not a §162 business, it is not subject to SE tax.