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Get your taxes done using TurboTax
To get past this screen so you can file your taxes, you need to update Schedule SE-T.
The process: delete Sch SE-T, take a quick run through of the self-employment to recalculate Sch SE-T, and then turn off the Max Deferral.
To do this in TurboTax, follow these steps:
First, delete Sch SE-T that applies by following these steps:
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From the left menu, select Tax Tools.
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Select Tools.
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Scroll to Delete a Form.
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Scroll to Sch SE-T, select Delete, confirm the deletion.
Next, to replace Sch SE-T, return to the self-employment income & expenses interview in the Income & Expenses section and select Edit/Add.
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Select Edit for your business.
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Scroll down to Done so that the Sch SE is recalculated.
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Finish any other questions in the self-employment interview and click Continue.
Lastly, revisit the section for the Self-employment tax deferral entry:
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Return to the Deductions & Credits section.
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Scroll to Tax relief related to COVID-19 and Show More.
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Select Self-employment tax deferral and select Revisit.
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Answer Yes at the next screen to get back to Let's start by getting your eligible income.
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If you do not want to defer any self-employment income, "Enter your eligible self-employment income" should be blank.
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Select Continue.
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At Tell us how much you'd like to defer, "Enter amount" should be blank.
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Select Continue.
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Scroll down and select Wrap up Tax Breaks and Continue.
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Run through the Federal Review again.
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