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why does my schedule SE show farm income on line 14

I have 3 errors on my Schedule SE, lines 18, 20 & 22 saying they should be blank.  They are.  That is question #1.  Secondly, on line 14 there is an amount which is listed under Farm Optional Method.  I don't have farm income!  I am an equine gestalt coach and yes I partner with horses and yes their care is part of my deductions.  Have I entered something wrong? 

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1 Reply
JamesG1
Expert Alumni

why does my schedule SE show farm income on line 14

Are you seeing the value '5,640' on line 14 of IRS Schedule SE?  This amount is pre-printed on the IRS form.  Are lines 15, 16 or 17 filled in?

 

Schedule SE lines 18, 20 and 22 may refer to Maximum Deferral of Self-Employment Tax Payments.

 

Have you intentionally or unintentionally selected this option?

 

In TurboTax Online Self-Employed, I was able to remove Self-Employment Tax Deferral and pass Review.  Follow these steps.

 

  • Down the left side of the screen, click on Federal.
  • Across the top of the screen, click on Deductions  & credits.
  • Under Your tax breaks, scroll down to Self-employment tax deferral.
  • Click on Edit/Add to the right of Self-employment tax deferral.
  • At the screen Do you want more time to pay your self-employment tax?, click Yes.
  • At the screen Let's start by getting your eligible income, I have left the dollar amount that was previously entered, others change this amount to $0.
  • Click on Continue.
  • At the screen Tell us how much you'd like to defer, delete the dollar amount or enter 0.
  • Click Continue.
  • Click through Federal Review to make sure than the Review issue has been removed.
  • At the screen Some of your self-employment taxes may be eligible, click Skip.
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