Yes, TurboTax knows about the issue and yes, it is safe to file. If you don't have self-employment tax, and Box 4 of your W-2 is 6.2% of your Box 3 wages, and you know your employer is not sending a W-2c, you can safely ignore that message. This is not an error that will prevent you from filing and won't affect your tax return. Revisit the section for the Self-employment tax deferral entry:
- Return to the Deductions & Credits section.
- Scroll to Tax relief related to COVID-19 and Show More.
- Select Self-employment tax deferral and select Revisit.
- Answer NO - this may remove the error message.
Although you can safely file now, it is always safer to wait and file in March as software updates occur often in the early tax season. And with covid this year, there are many new forms that are being added in, so there are even more than the normal amount of software issues that need correcting this year. Of course, everyone can't wait until March to file, but if you can, it is a good idea, not just this year, but every year. @GAK @crossbow8388 @Stonks @warehami
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