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    Nonfarm Optional Method

    To use this method the taxpayer must be regularly self-employed, defined as having actual net earnings from self-employment of $400 or more in two of the three years preceding the year the nonfarm optional method is used.

    Pub 334: Net nonfarm profit generally is the total of the amounts from:
    -Line 31, Schedule C (Form 1040)

    So if a taxpayer has incurred losses for the past 5 years, the "net earnings from self employment" is less than $400, they are not eligible to use this method, correct?
    http://www.viagrabelgiquefr.com/

    #2
    Originally posted by Jesse View Post
    So if a taxpayer has incurred losses for the past 5 years, the "net earnings from self employment" is less than $400, they are not eligible to use this method, correct?
    That is my understanding. Yes.
    Doug

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