Asked by T
axpayers who are self-employed must pay self-employment tax on what type of income?
Dividends.
Gain or loss.
Rental income.
Net profit reported on Schedule C (Form 1040).
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Answered by
GPT-5 mini
AI
Net profit reported on Schedule C (Form 1040).
Self-employment tax applies to net earnings from self-employment (generally the net profit from a trade or business reported on Schedule C/F). Dividends, most capital gains, and most passive rental income are not subject to self-employment tax.
Self-employment tax applies to net earnings from self-employment (generally the net profit from a trade or business reported on Schedule C/F). Dividends, most capital gains, and most passive rental income are not subject to self-employment tax.
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