- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
To resolve this error, follow these steps to update your system. Sch SE-T and Line 18 have to do with declining to defer some of the self-employment tax. Initially, you were eligible, perhaps. But, as more details were entered into the return and you were going to get a refund, the SE tax deferral option was no longer available.
First, revisit the section for the Self-employment tax deferral entry and accept it, change it, and then decline it by deferring 0:
- 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 Yes at the next screen to get back to Let's start by getting your eligible income.
- If you do not want to defer any self-employment income, at "Enter your eligible self-employment income", you have three options. Try them in the following order:
- Enter nothing--be sure the cell is completely blank.
- Enter 0 (as in 0 is the portion of self-employment I will defer) OR
- Enter 280/366ths of your income to reflect the income from March 27-December 31, 2021.
- Select Continue.
- At Tell us how much you'd like to defer,
- "Enter amount" should be blank if you entered blank above.
- Enter 0 if you entered 0 or 280/266ths of income above.
- Select Continue.
- Scroll down and select Wrap up Tax Breaks and Continue.
- I recommend running through the Federal Review again.
Secondly, if the error is still in the return, it is because Sch SE-T or Sch SE-S is not updating properly. To update the return automatically, it is best to close out completely and close the browser, as well. Re-open in Chrome on a PC.
- Delete the Sch SE that applies--(Sch SE-T is for Taxpayer, Sch SE-S for Spouse)--by following these steps:
- From the left menu, select Tax Tools.
- Select Tools.
- Scroll to Delete a Form.
- Scroll to Sch SE-T and/or Sch SE-S and select Delete.
- Return to the self-employment income & expenses interview in the Income & Expenses section and select Edit/Add.
- Select Edit for your business.
- Scroll down to Done so that the Sch SE is recalculated.
- Finish any other questions in the self-employment interview and click Continue.
- Review the return again.
‎February 23, 2021
10:41 AM