lbonn
Returning Member

Does Turbotax recalculate deductible SE Taxes if you choose to defer a portion of your SE Taxes?

I have input everything for 2020 taxes. Turbotax calculated the SE Tax deduction for my Schedule C income. At the end of working on my taxes I answered the question to defer the portion of my SE Taxes allowed for this tax season. I believe that would mean that I can not deduct all my SE Taxes in Business Income and Expenses because I am deferring a portion of them?

However it looks like that deduction amount has not changed (the taxes that I owe went down though).

Is this correct or do I manually have to recalculate the SE Taxes for the Business Income and Expenses deduction?