1330673
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

CPENG530
Returning Member

Why a half of self employment tax dedcution is not automatically applied on my return

As a sole proprietor, I think I am able to deduct 50% of your self-employment tax and on many discussion it said TurboTax will be done automatically when we complete enter income and expenses for Schedule C (your business). However, it didn't apply 50% of that self-employment tax on my draft return. How could I fix it up? Is there any TurboTax expert helping me out for this issue? I have to provide my final 2019 federal tax return for applying a senior center. Much appreciate if some body can respond to my question asap.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
MayaD
Expert Alumni

Why a half of self employment tax dedcution is not automatically applied on my return

The deductible 50% of SE tax is an adjustment to Income (reduces your Income) and it is reported on Schedule 1 part II line 14. It will be included in line 8a of your 1040 form.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Why a half of self employment tax dedcution is not automatically applied on my return

You do get to take off the 50% ER portion of the SE tax as an adjustment on 1040 Schedule 1 line 14 which flows to 1040 line 8a.  Turbo Tax automatically calculates the SE Tax and Adjustment.  If it is a small amount it may not make much difference in your tax.  It only reduces your taxable income and regular income tax.  It will not reduce your schedule C Net Profit or reduce the total self employment tax.  

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question