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valerie-carino
Returning Member

I indicated I did NOT want to defer my self-employment tax payments but my preference was ignored. How do I delete Part III of Schedule SE?

It seems my tax owed was reduced by the amount calculated in Part III, but i do not want to defer my payments. I want to pay in full. Even though I say i do not want to defer it ignores me and gives me no choice
4 Replies
JohnW152
Expert Alumni

I indicated I did NOT want to defer my self-employment tax payments but my preference was ignored. How do I delete Part III of Schedule SE?

To delete or edit the election to defer your self-employment taxes, do the following in TurboTax:

  1. Open your return
  2. If you open to the "Hi, let's keep working on your taxes!" screen, click Pick up where you left off.
  3. Click Federal in the left pane
  4. Click Deductions and Credits in the banner at the top
  5. On the Your Tax Breaks page, scroll down until you come to Tax relief related to Covid-19
  6. Click Revisit next to Self-employment tax deferral
  7. When you're asked Do you want more time to pay self-employment taxes?, answer No

 

Self-employed taxpayers are allowed to pay 50% of Social Security tax on net earnings from self-employment for the period March 27, 2020 through December 31, 2020.

valerie-carino
Returning Member

I indicated I did NOT want to defer my self-employment tax payments but my preference was ignored. How do I delete Part III of Schedule SE?

yeah, that doesn't work. i tried deleting and starting over, i've tried everything. when i finish entering everything and run the review, i am basically forced to fill out part iii of schedule se 

gloriah5200
Expert Alumni

I indicated I did NOT want to defer my self-employment tax payments but my preference was ignored. How do I delete Part III of Schedule SE?

If you go to Tax Tools, then to Tools and then to Federal Review at the top right of the screen, it should open up "Some of your self-employment taxes may be eligible for deferral".

 

At this point, you can select skip unless you previously selected Continue and entered information in.  If so, you will have to continue instead of skip at that point to remove that information.

 

When you get to the question, "Tell us how much you'd like to defer", you need to enter 0.  If you leave it blank, the software defaults to the full amount to be deferred.  If you want $0 deferred, you must enter 0 in that box.  Then, it will reset to 0 se tax being deferred.

 

The opportunity to defer se tax on a return was put in place by the CARES ACT, along with the option of employers deferral of depositing the employer portion of payroll taxes until later.

valerie-carino
Returning Member

I indicated I did NOT want to defer my self-employment tax payments but my preference was ignored. How do I delete Part III of Schedule SE?

thank you, that worked! you are awesome!

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