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DaveF1006, regarding SE-T line 18...the amount of income for the period of 03/27-12/31 is larger than the amount stated on line 3 and line 18 won't take the larger amount. I'm not sure what to enter in line 18??? Do I enter the amount of line 3 on line 18???
Line 18 cannot be larger than the total net profit from Schedule C. If it was all earned after March 27, it would be the same. See 2020 Schedule SE.
To clear this error, leave the cell blank when prompted to defer self-employment tax.
Run the review again.
If this does not clear the error, try:
If this does not clear the error, then click this link for more information:
Workaround for Sch SE-T error for deferring Self-Employment Taxes.
It worked for me to leave it blank, but I had to leave it blank in both the box above the form and the form itself had to be blank, no "0.". Good luck!
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