Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

How do you input alimony in schedule C?

Highlighted
 
Labels (1)
0 Cheers
4 Replies 4
Highlighted
Level 15

Um... you don't?

Why would you want to subject alimony to self-employment tax?

Altho I'm sure many, many ex's consider they've "earned" it 🤣

 

Former Chump... umm.... AllStar.
If a post answers your question, click on *Accept as solution* for future searches
Highlighted
Level 10

Liz Taylor might have been in the trade or business of divorce but I don't know many others who would qualify!

Highlighted
Level 11

Well, there's Mickey Rooney.  I think the question is asking about claiming it as a deduction.  He goes to jail if he doesn't pay her a large share of his income -- so, isn't that a business expense?  

Highlighted
Level 15

@BobKamman  - I see you've been going to the mind reading classes.  I plan to attend a few after the Oct 15 deadline.

Former Chump... umm.... AllStar.
If a post answers your question, click on *Accept as solution* for future searches