Thank you. As a followup / clarifying question to your response:
I do not have anymore income to report. My wife and I file married. Is the net earnings from self-employment just for me or both of us? Our combined net earnings for both of us, from self-employment (wife from tutoring, me from Investment Club-K-1) is over $400 but Turbo Tax Premier edition included the Schedule SE (with my name at the top of the form) and this is where I'm having the problem. I have a 41 loss from self employment on my K-1 but the form Schedule SE requires a non-zero positive number on line 18 (something about deferral). I don't wish to deferral any of his loss.
This seems like a bug in the software but I could be wrong. I could wipe out the zero it put in this line 18 field and proceed with filing but it was flagged when the software reviewed my taxes so i want to fix it. Any further guidance? Thanks!!
