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yeahitselabhar
Returning Member

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?

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.

MarilynG1
Expert Alumni

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?

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.

 

 

 

 

 

 

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yeahitselabhar
Returning Member

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?

@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?

BrittanyS
Expert Alumni

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?

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 

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JorjaMin
New Member

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?

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

LeticiaF1
Employee Tax Expert

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?

The amounts on lines 2, 3 and 4a, are all correct and do not include any farm income.  The wording on some forms can be confusing, if you look at line 2 it says "Net profit or (loss) from Schedule C, line 31; and Schedule K-1 (Form 1065), box 14, code A (other than farming)."  It does not include farm income.  Line 14 has $6560 and that is just an amount that is already on the form.  See the images of Schedule SE below.

 

 

 

The IRS issues most refunds from e-filed returns in about 21 days, although some returns take more time to review.

To check the status of your refund:

 

  • Check your e-file status.
  • If it's been accepted, track your refund at the IRS Where's My Refund? site.
    1. You'll need your Social Security number or ITIN, filing status, and the exact amount of your refund to check your status, which you'll find on the first screen after signing in to TurboTax.
    2. If you mailed your return, wait 4 weeks after mailing your return before using the tool.
  • If it's rejected, fix your return and file it again.
  • If it's pending, wait until your return is accepted.

 

If it's been more than 21 days since your e-filed return was accepted, you can call the IRS directly to check on your refund status.

 

Go here to track your state refund.

 

Feel free to reach back if you have additional information.  


 @JorjaMin

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