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Current as of January 02, 2025 | Updated by Findlaw Staff
For the purpose of computing net earnings from self-employment, the gross income derived by an individual from a trade or business carried on by him, the allowable deductions attributable to such trade or business, and the individual's distributive share of the income or loss, described in section 702(a)(9), from any trade or business carrier 1 on by a partnership of which he is a member shall be computed in accordance with the special rules set forth in §§ 1.1402(a)–4 to 1.1402(a)–17, inclusive.
1So in original; probably should read ‘carried‘.
Cite this article: FindLaw.com - Code of Federal Regulations Title 26. Internal Revenue § 26.1.1402(a)–3 Special rules for computing net earnings from self-employment - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-26-internal-revenue/cfr-sect-26-1-1402-a-3/
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