KathrynG3
Expert Alumni

After you file

Yes, the deferral is optional. To delete this worksheet, you need to update TurboTax with a refreshed Sch SE-T while also removing any prior acceptance of the S-E tax deferral option.

 

First, delete Sch SE-T that applies by following these steps:

  1. In Forms Mode, scroll to Sch SE-T and select it to open.
  2. In the lower left corner, select Delete Form and confirm the deletion.

Next, to replace Sch SE-T, return to the self-employment income & expenses interview in the Business tab section and select Edit/Add.

  1. Select Edit for your business.
  2. Scroll down to Done so that the Sch SE is recalculated. 
  3. Finish any other questions in the self-employment interview and click Continue

Lastly, revisit the section for the Self-employment tax deferral entry:

  1. Return to the Deductions & Credits section.
  2. Scroll to Tax relief related to COVID-19 and Show More.
  3. Select Self-employment tax deferral and select Revisit.
  4. Answer Yes at the next screen to get back to Let's start by getting your eligible income.
    1. If you do not want to defer any self-employment income, "Enter your eligible self-employment income" should be blank.
      1. Select Continue.
    2. At Tell us how much you'd like to defer"Enter amount" should be blank.
      1. Select Continue.
  5. Scroll down and select Wrap up Tax Breaks and Continue.
  6. Run through the Federal Review again.