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- Schedule C and F 8846 FICA Tips Credit
Schedule C and F 8846 FICA Tips Credit
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david3
Level 7
yesterday
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1040 Schedule C line 26 wages weren't automatically reduced by the amount of the FICA tips credit that was calculated on F 8846.
The Sch C IRS instructions list other credits that should reduce wages, but F 8846 isn't listed.
Shouldn't the wages be reduced by the amount of the credit? Do I manually enter a negative amount on line 26 "Other Work Credits"? Or is PS treating this correctly?
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