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Are other methods of computing net earnings for self-employment available?

April 26, 2017computing Earnings methods NET self-employment

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Are other methods of computing net earnings for self-employment available?

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If certain requirements are met, optional methods of computing net earnings Optional Methods of Computing Net Earnings from self-employment are available to individuals engaged in the following activities: Farm self-employment (see §1235, farm option); Non-farm self-employment (see §1242, non-farm option); or Both farm and non-farm self-employment (see §1244). The purpose of the optional methods of computation is to enable a self-employed individual to maintain Social Security coverage during years of very low net earnings or a net loss.