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Get your taxes done using TurboTax
Hoping you might be able to help with my situation.....
Self Employment Tax Schedule SE
Line 2 - -7080
Line 3 - -7080
Line 4C - -7080
Line 14 - 5640
Line 18 - 5849 - (Max deferral is too Large)
No clue how this is being calculated or where the number came from. This is first year this has been an issue for me. I do have a Schedule C (Using TT Home and Business). Any help would be appreciated. (NOTE: I do also receive a W2 with income so not sure if its maybe pulling figures from that or not). I have also tried entering "0" and it still says its too large.
ā€ˇFebruary 13, 2021
7:38 AM