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Get your taxes done using TurboTax
Line 18 cannot be larger than the total net profit from Schedule C. If it was all earned after March 27, it would be the same. See 2020 Schedule SE.
To clear this error, leave the cell blank when prompted to defer self-employment tax.
Run the review again.
If this does not clear the error, try:
- 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.
If this does not clear the error, then click this link for more information:
Workaround for Sch SE-T error for deferring Self-Employment Taxes.
March 15, 2021
11:28 AM
709 Views