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I have reviewed the file you sent. Thank you! I found this error to be resolved in two ways~
Option 1: Enter 0, which you were saying did not appeal to you since income was earned during that time frame. The 0 would be ok in that it is the amount you wish to calculate any deferral, but I understand your point.
Option 2: In your case, TurboTax calculates that you are not eligible by entering 279/365ths of your income. (percentage for days of the year Mar-Dec)
Therefore, enter the percentage of income applied pro rata. In your case, this should result in the conclusion that you are not eligible and let you continue.
In TurboTax Online, prompt the Federal Review which will generate the error. Adjust the value of income attributable to March 27-Dec 31 (280/366ths of your self-employed income) from the Check this Entry section.
In TurboTax CD/Download, follow these steps:
The numbers are the number of days in one year, March 27 through December 31 is 280 days. It was a leap year in 2020, so the bottom number is 366 days for the total number of days in the year. I apologize for the delay-did not mean to miss your reply!
You may defer the payment of 50 percent of the Social Security tax imposed under section 1401(a) of the Internal Revenue Code on net earnings from self-employment income for the period beginning on March 27, 2020 and ending December 31, 2020. You can enter this amount on line 18 of Schedule SE. It is optional.
It is not optional and is holding me up from filing. There is nothing for me to defer as I have already paid all of my 2020 tax prior to filing. How do we work around this problem?
To resolve this issue, try two troubleshooting steps:
First, revisit the section for the Self-employment tax deferral entry by following these steps:
Secondly, if the error is still in the return:
[Edited 02/10/2021 | 5:14 AM PST]
@KathrynG3 - I really appreciate all the troubleshooting you provided, however, I'm afraid neither one worked.
The first troubleshoot ended abruptly when it said I was not eligible for deferment since I am receiving a refund so the rest of the steps could not occur.
I then went through the second troubleshoot, deleted the form, completed all the rest of the steps and the review shot me right back to the Sch SE-T line 18 box to be filled out.
I feel like I'm in the Twilight Zone. TurboTax is telling me I am not eligible for the deferment but is preventing me from being able to file because it needs to know how much I'd like to defer?
What am I to do next?
Yes, you may have to delete the form again to correct the error. To edit form Schedule-SE, follow the steps below:
(edited 02/09/2021 @ 4:37 PST)
My estimated taxes have already been entered on my 1040-ES and is not my issue.
Per TurboTax, I do not qualify for social security deferment and yet TurboTax will not let me move past
Sch SE-T line 18, a form mind you I have already tried to delete, so TurboTax is blocking me from being able to file my taxes.
Please help.
The problem is you do not qualify for deferral of self-employment tax, since you've paid all of your tax already through estimated payments (and are getting a refund) . The workaround is to enter zero in the error check. See screen shot below:
Edited 02-09-2021 4:37 pst
I guess I'll just have to start over with a new question feed. The last three responses haven't addressed it and have talked about things that do not pertain to my situations. Thanks.
I appreciate your reply and I am hoping to get some clarification from you.
By putting a zero in that box, I am saying I made zero income from March through December. Since that is false, I'm uncomfortable putting anything on my tax form that is not true.
Is that not what the box is asking for?
Thank you for your patience.
It would be helpful to have a TurboTax ".tax2020" file that is experiencing this issue. Send us a “diagnostic” file that has your numbers, but otherwise, will not include your personal information. That may help to diagnose the issue.
If you would like to do this, here are the instructions:
In TurboTax Online: From the left menu, select Tax Tools and Tools.
Scroll down to Share my file with Agent.
Reply here with the token number and I'll be able to open a TurboTax file.
In TurboTax CD/Download: On your menu bar at the very top, click “Online” and then “Send Tax File to Agent”.
When you click to send, you will get a pop-up with a token number.
Reply here with the token number and I’ll be able to open a TurboTax file.
My token number is 732767.
Thank you VERY much for continuing to try and help!
I am hopeful my data may provide the information you need to help me file.
Thanks again so much.
I have reviewed the file you sent. Thank you! I found this error to be resolved in two ways~
Option 1: Enter 0, which you were saying did not appeal to you since income was earned during that time frame. The 0 would be ok in that it is the amount you wish to calculate any deferral, but I understand your point.
Option 2: In your case, TurboTax calculates that you are not eligible by entering 279/365ths of your income. (percentage for days of the year Mar-Dec)
Therefore, enter the percentage of income applied pro rata. In your case, this should result in the conclusion that you are not eligible and let you continue.
In TurboTax Online, prompt the Federal Review which will generate the error. Adjust the value of income attributable to March 27-Dec 31 (280/366ths of your self-employed income) from the Check this Entry section.
In TurboTax CD/Download, follow these steps:
I really appreciate your reply and I'd like to get clarification, because I'm not sure I understand what you mean by "Adjust the value of income attributable to March 27-Dec 31 (280/366ths of your self-employed income) from the Check this Entry section."
Do you mean I need to figure out how much I made in that date span, enter it on line 18 (even though I do not want to defer anything) and since TurboTax already says I am not eligible, once that figure has been entered, TurboTax will simply move on to my next step to file?
Again, thank you very much for all of your help!
Correct. It is allowable to calculate the total income for 2020 by 280/366 to determine this value, even though that may not be exactly how it was received.
What I meant to say is: In TurboTax Online,
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