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Hello, community.
I haven't been able to confirm the following on Publication 596, which describes the Earned Income Credit.
What number do I enter for an SE (self-employed) individual that qualifies for the Earned Income Credit?
They are not a member of clergy and did not receive any unemployment income, etc. Just self-employment income.
Which line from Schedule C is entered in? Line 31, Net Profit/Loss from SE activities. Is this the figure?
OR
Is the earned income credit figured from Schedule 1, Lines 3 and 14? LIne 3 is the same figure from Schedule C, Line 31 LESS Schedule 1, Line 14, which is the deductible portion of the SE tax?
Therefore, do I use net profit loss from Schedule C or subtract the SE tax to configure the EIC credit?
Thank you!