Sole proprietors with employees, 1099 subcontractors, and single-member LLCs may qualify for the SETC.
If you filed a “Schedule C” on your federal tax returns for 2020 and/or 2021, you’re on the right track.
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If you were self-employed in 2020 and/or 2021, you could potentially qualify for the SETC. This includes sole proprietors who run businesses with employees, 1099 subcontractors, and single-member LLCs. If you filed a “Schedule C” on your federal tax returns for 2020 and/or 2021, you’re on the right track.LEARN MORE