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AGI: I just started QB Self Employed. If my income is $3000 for the quarter, why would my estimated quarterly taxes show as $1000?

Yea, what it’s doing does not make any sense.

From https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes

Here is the form to use to calculate your quarterly payments:

https://www.irs.gov/pub/irs-pdf/f1040es.pdf

In your case the answer will be 0.00, unless someone can claim you as a dependent, since the expected income if […]

Resolution for 'AGI issue: 'I just started QB Self Employed. If my income is $3000 for the quarter, why would my estimated quarterly taxes show as $1000?' available: Yes.

The AGI issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the AGI issue yourself by looking for a resolution described in the article. If it is a complex AGI issue or you are unable to solve the issue, you may contact us by clicking here or by using other AGI support options.

For more information about resolving issues related to AGI in Quickbooks/QBO or to get support for the issue 'I just started QB Self Employed. If my income is $3000 for the quarter, why would my estimated quarterly taxes show as $1000?', click the link below:

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AGI: What category should I use to record a pension plan contribution?

“Line 19 of Schedule C is used to report Pension and Profit Sharing Contributions”

You have a misunderstanding of the Sched C. This section is for Employees. You are never an employee of your own Sched C.

Your values are on the 1040, the bottom part of the first page, the AGI […]

Resolution for 'AGI issue: 'What category should I use to record a pension plan contribution?' available: Yes.

The AGI issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the AGI issue yourself by looking for a resolution described in the article. If it is a complex AGI issue or you are unable to solve the issue, you may contact us by clicking here or by using other AGI support options.

For more information about resolving issues related to AGI in Quickbooks/QBO or to get support for the issue 'What category should I use to record a pension plan contribution?', click the link below:

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