jamesgrogers.cp a
Level 1
04-11-2022
06:35 AM
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I tried entering $0 in income, but that doesn’t work. The error notice says there has to be at least $1 of income. Entering that clears the error message and doesn’t increase the client’s tax liability. I can then add a $1 miscellaneous expense item to reduce the Schedule C’s net income back to $0. This seems very hokey to me. Surely, there’s a way to “Skip this year.” There’s a place to do that with pension income reported on Form 1099-R.