JamesG1
Expert Alumni

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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