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Get your taxes done using TurboTax
I created a tax return in TurboTax Online Self-employed version. The numbers reflected on Schedule SE appear to be correctly computed and the amounts in box 7 and box 14 are pre-printed on the IRS form.
Line 8a of Schedule SE reflects the amount of box 3 of a form W-2 which has also been entered.
Do you know where the entry on your line 8a originates?
Lines 7 through 9 compute the amount of combined wages and tips subject to Social Security tax up to the maximum amount of $137,700 for 2020 tax year.
My example did not use optional method which is computed in lines 14 and below.
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‎February 10, 2021
11:05 AM