Hi - Was the short form SE discontinued for 2020? I could not locate this form on irs.gov, and Turbotax doesn't show it either. I am completing some simple 1099 NEC income for my daughter's return and last year the short SE was available. Also, for the income tax deferral available on self employment income this year, is it OK just to ignore that section if you do not want to defer any tax? Again, this is just a small income amount for my daughter.
Thank you
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Yes, for tax year 2020, Schedule SE was revised into a single form format.
It will no longer contain the “short” version (Section A).
If you don't want to defer any self-employment tax, you're not required to.
Yes, for tax year 2020, Schedule SE was revised into a single form format.
It will no longer contain the “short” version (Section A).
If you don't want to defer any self-employment tax, you're not required to.
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