Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Self-Employment Tax Form 1040-SS

Summary and Exercises

Question 1 of 7

Linda runs a beauty salon. Her net profit from self-employment in 2021 was $19,500 and in 2022, net profit was $9,500.

In 2023, her gross income was $2,800 and her net profit was $800.

Can Linda use either the regular method or the nonfarm optional method for calculating her self-employment tax?