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Get your taxes done using TurboTax
The self-employment tax deferral is an optional benefit. You are not required to enter a dollar amount to defer at the screen Tell us how much you'd like to defer.
To qualify for the benefit, you must report a dollar amount as eligible income for the period for income earned for the period of March 27, 2020 through December 31, 2020 at the screen Let's start by getting your eligible income.
This is a deferral rather than forgiveness, so those amounts will eventually need to be repaid. Half of the deferred amount is due on December 31, 2021, and the other half is due on December 31, 2022.
See also this TurboTax Help.
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March 1, 2021
8:06 AM