Can I still file Schedule SE even though income comes from a Schedule K1?

This is a follow up to a previous question.  We paid estimated self-employment taxes last year on our S-Corp income thinking that we would then file Schedule SE, not knowing that Schedule K1 income does not generate Schedule SE and that we should have paid ourselves a salary and withheld the taxes that way.  We are in the process of doing that for 2019, but wondering how I should address 2018.  I found that I can generate Schedule SE by entering the income under Other Tax Situations/Business Taxes/Self Employment Tax.  Would this satisfy the IRS, or should I be doing something different?


You need to file late payroll forms and a W-2.  Then amend the corporate return to show the W-2 wages.

This is just one of many reasons why a corporation REALLY should be done by a tax professional.

Was this answer helpful? Yes No

No answers have been posted

More Actions

People come to TurboTax AnswerXchange for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.

Select a file to attach:

Do you still have a question?

Ask your question to the community. Most questions get a response in about a day.

Post your question to the community