@ETFtrader wrote:
My schedule C is showing net profit of $152,000 on line 31 so I know I owe SE taxes. And that amount is showing on line 1a of the SE Adjustment Worksheet and also Part II line 8 which should flow through to Schedule SE, line 2. This looks like a TurboTax bug.
Your net profit from Schedule C should be on Line 2 of the Schedule SE. If it is on Line 1a that is Net farm profit or (loss) from Schedule F, line 34, and farm partnerships, Schedule K-1 (Form 1065), box 14, code A.
There is no Part II Line 8 on a Schedule SE.
The only amount that flows to Schedule 2 Line 4 is from the Schedule SE Line 12.
