topic I don't understand why the "farm optional method" was used on schedule SE form? I don't have a farm. Where in turbotax should I check to see if I made a mistake? in Get your taxes done using TurboTax

I don't understand why the "farm optional method" was used on schedule SE form? I don't have a farm. Where in turbotax should I check to see if I made a mistake?

edward-t-nykaza — Tue, 04 Jun 2019 19:44:56 GMT

If you don't have a farm please follow these steps to go...

MeganS — Tue, 04 Jun 2019 19:44:57 GMT

If you don't have a farm please follow these steps to go in and delete that information.

https://ttlc.intuit.com/replies/4801212

There is a bug in TT. Sch SE, p2-S shows a number on line...

niels — Tue, 04 Jun 2019 19:44:58 GMT

There is a bug in TT. Sch SE, p2-S shows a number on line line 14 even when I have clearly stated that I do not have a farm.

@niels Did you by chance enter a K-1 from a Partnership?...

TaxGuyBill — Tue, 04 Jun 2019 19:45:00 GMT

@niels Did you by chance enter a K-1 from a Partnership? If so, what are the codes in Box 14 of the K-1?

Re: @niels Did you by chance enter a K-1 from a Partnership?...

jijohn — Mon, 15 Jun 2020 17:16:35 GMT

I was facing the same issue with tax 2019. I dont have a K-1 related form

Re: I don't understand why the "farm optional method" was used on schedule SE form? I don't have a farm. Where in turbotax should I check to see if I made a mistake?

maggiejtx — Tue, 09 Mar 2021 10:34:17 GMT

I was reviewing my already submitted 2020 tax return since my refund has passed the three week mark and is still processing. I see that there is a number listed under farm income. This must be a glitch in the turbotax system. I am a virtual assistant.

Re: I don't understand why the "farm optional method" was used on schedule SE form? I don't have ...

JamesG1 — Tue, 09 Mar 2021 19:10:39 GMT

A hard copy of IRS Form 1040 Schedule SE Self-Employment Tax includes the value '5,640' in Part II line 14. Is this what you are seeing?

Are entries on your Schedule SE only in Part 1 on lines 1a through 12?

You may also have elected to use Part III Maximum Deferral of Self-Employment Tax Payments on page 2.

Re: I don't understand why the "farm optional method" was used on schedule SE form? I don't have ...

Denormanee — Fri, 19 Mar 2021 04:48:40 GMT

****This Is The Best Answer****

Thanks JamesG1

This completely solves the mystery. Good to know that this is just how the IRS form is.

P.S. I tired to click the thumb, but the website won't let me. It also doesn't show how I can mark this as the "Best Answer" so I did what I could to let others know.

Re: I don't understand why the "farm optional method" was used on schedule SE form? I don't have ...

MatthewB — Sun, 04 Apr 2021 22:45:39 GMT

Hello, thank you so much for the helpful information! I was wondering if you know how to fix this mistake on an amended tax return on Turbo Tax?

Thank you,

Matthew

Re: I don't understand why the "farm optional method" was used on schedule SE form? I don't have ...

JamesG1 — Mon, 05 Apr 2021 14:38:30 GMT

In your amended tax return, does your IRS Form 1040 Schedule SE only display entries in Part 1 on lines 1a through 12? Please clarify.

A hard copy of IRS Form 1040 Schedule SE Self-Employment Tax includes the value '5,640' in Part II line 14.

Re: I don't understand why the "farm optional method" was used on schedule SE form? I don't have ...

MatthewB — Tue, 06 Apr 2021 04:00:53 GMT

Hello! We have not yet filled out an amended return, but in our original 2020 tax return, on the Schedule SE (Form 1040) Part I, the following lines have numbers; 2, 3, 4a, 4c, 6, 7, 9, 10, 11, and 12. Part II only has line 14 filled in (the 5,640 you mentioned).

We are trying to figuring out if the line 14 should be blank (if we did something wrong on our original return) and whether or not we need to do an amended return because of that. I do see that the IRS 1040 Schedule SE hard copy form has line 7 (of Part I) set at 137,700 and line 14 (of Part II) set at 5,640.

My question: is Part II Schedule SE 1040 being filled in with 5,640 on line 14 okay, even when certain lines of Part I of the same form are also filled in? (Given that we do not have a farm, never had, don't do farming, etc.)

Any help would be much appreciated! Thank you!

Re: I don't understand why the "farm optional method" was used on schedule SE form? I don't have a farm. Where in turbotax should I check to see if I made a mistake?

GreginCA — Tue, 06 Apr 2021 04:27:09 GMT

Try moving the Check Box mark on the Estimated Tax Worksheet from "Farm" to one of the first two boxes.

Re: I don't understand why the "farm optional method" was used on schedule SE form? I don't have ...

JamesG1 — Tue, 06 Apr 2021 16:50:46 GMT

@MatthewB

I assume that the correct amount transferred to the 1040. The amount on line 12 of Schedule SE was transferred to line 23 of the 1040? And line 13 of the Schedule SE was transferred to line 10a of the 1040?

If so, you know that the correct computation was made and transferred to the 1040.

There are several IRS forms which have 'hard' numbers pre-printed on the form. I think that is all that you are seeing in Part II line 14 of the IRS Form 1040 Schedule SE Self-Employment Tax.

Re: I don't understand why the "farm optional method" was used on schedule SE form? I don't have ...

MatthewB — Thu, 08 Apr 2021 13:48:09 GMT

Hi JamesG1,

We double checked the numbers and they transferred correctly. Thank you so much for the additional information, appreciate it a lot. Also the information about the hard number was very helpful. I know audit can happen and anything is possible, but we feel much more comfortable on our end with the state of our taxes.

Appreciate your help again,

Matthew

Re: I don't understand why the "farm optional method" was used on schedule SE form? I don't have ...

JamesG1 — Thu, 08 Apr 2021 14:20:58 GMT

You are welcome.

Lots of changes to the IRS Form 1040 Schedule SE this year. Does not hurt to ask questions.

Best wishes.

Re: I don't understand why the "farm optional method" was used on schedule SE form? I don't have a farm. Where in turbotax should I check to see if I made a mistake?

yeahitselabhar — Fri, 03 Feb 2023 21:16:33 GMT

I'm looking over my 2022 taxes that I just filed, and I noticed the same thing. Do I need to amend my return now? They were already accepted at the federal level, but the refund was not accepted yet.

Re: I don't understand why the "farm optional method" was used on schedule SE form? I don't have ...

MarilynG1 — Sat, 04 Feb 2023 01:17:12 GMT

You may not have made a mistake. the IRS Form Schedule SE has a printed number of 6,040 on Line 14, which is what you may be seeing.

Check that the amount in Line 12 transferred to Schedule 2, Line 4, And Line 13 to Schedule 1, Line 15. If so, your return is not in error.

Re: I don't understand why the "farm optional method" was used on schedule SE form? I don't have ...

yeahitselabhar — Sun, 05 Feb 2023 18:01:29 GMT

@MarilynG1

Line 12 Schedule SE is 83, Line 13 is 42 and Schedule 1 Line 15 is 42. So I am assuming that this is correct if they aren't the same number?

Re: I don't understand why the "farm optional method" was used on schedule SE form? I don't have ...

BrittanyS — Mon, 06 Feb 2023 14:00:03 GMT

As MarilynJoy stated, the following should have transferred over:

Line 12 amount of $83 is transferred to Schedule 2, Line 4,
If Line 13 is $42 and Schedule 1, Line 15 is $42, that is correct.

Could you double check Line 4 on Schedule 2 matches the $83 from Line 12? If so, it is correct, and there is no error to amend.

@yeahitselabhar

Re: I don't understand why the "farm optional method" was used on schedule SE form? I don't have ...

JorjaMin — Fri, 15 Mar 2024 18:45:37 GMT

I am in sales and it is showing on mine as well and not sure why it would be showing as farm. I have amounts on 2,3, 4a, and line 14. It has been over 21 days and not been approved with IRS