KathrynG3
Expert Alumni

Get your taxes done using TurboTax

This is nothing to worry about. These numbers are prepopulated and part of the calculations on Form Schedule SE. You should be seeing 137,700 on Line 7 and 5,640 on Line 14.

 

See 2020 Schedule SE to show the numbers on the IRS template, as well.

 

Likewise, Line 1 and 3 on Form 4562 would be according to the limits for 2020. See: 2020 Instructions for Form 4562.