No, Form 7202 will not be able to be e-filed. The IRS does not accept e-filing on Form 7202. TurboTax prepares a PDF copy that cannot be e-filed through TurboTax. If you are taking any of the credits listed below, you will not be able to e-file. If you are not taking those credits, you can remove the form and e-file your return.
The Families First Coronavirus Response First Act, which was passed March 18, 2020, provides relief in the form of refundable tax credits for sick leave and family leave for both eligible self-employed and small business owners.
- Self-Employed Tax Credit for Sick Leave. If you are self-employed, you may be eligible for a refundable tax credit equivalent to a qualified sick leave amount. Qualified sick leave is based on your average daily self-employment income.
- Self-Employed Tax Credit for Family Leave. If you are self-employed you may be eligible for a refundable tax credit equal to 100 percent of a qualified family leave equivalent amount for eligible self-employed individuals.
- Small Business Tax Credit for Paid Sick Leave. If you are a small business owner and paid sick leave wages to your employees you may be eligible for a refundable tax credit equal to 100 percent of qualified sick leave paid.
- Small Business Tax Credit for Paid Family Leave. If you are a small business owner and paid qualified family leave wages to employees, you may be eligible for a refundable tax credit equal to 100 percent of qualified family leave wages paid. @dm80
And there is no fee for e-filing in TurboTax Online. The fees you pay are for tax preparation. @paulina-villasen
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