What Lacerte screen is used to elect deferment of self employment tax? Is there a separate screen used to reduce penalty for under payment of self employment tax?

dvinegrad · ‎01-07-2021

Taxpayer may or may not elect to defer payment of self-employment tax but wishes to reduce penalty for underpaying self employment tax due to Covid-19. Need the screens to use.

abctax55 · ‎01-07-2021

Lacerte has this snifty feature:
Go to where you expect the info/amount to appear. Right click on that field, then click on "jump to input". That will *usually* take you to where you to input the info (or give you the various options when there are multiple places).

You might find this thread interesting:

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/schedule-c-maximum-defe...

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"

George4Tacks · ‎01-08-2021

Screen 45.1 Check the first box and VOILA!

Here's wishing you many Happy Returns

abctax55 · ‎01-09-2021

"....Need the screens to use."

@dvinegrad

Based on your posts, you appear to be new to Lacerte. This \|/ will help you:

Lacerte has this snifty feature:
Go to where you expect the info/amount to appear. Right click on that field, then click on "jump to input". That will *usually* take you to where you to input the info (or give you the various options when there are multiple places).

Also, please be aware that this early in the game, not ALL (even most?) forms are ready.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"