bobnbob
Level 1
‎03-13-2021 11:04 AM

I am trying to avoid deferral of SE tax on Schedule Line 12e of form 1040.  However, entering 0 on this line results in an error.  The problem has something to do with the negative calculation on line 10 of this worksheet.  Am I doing something wrong???

 

Schedule 3 Line 12e Entry.JPG

 

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TaxGuyBill
Level 15
‎03-13-2021 11:19 AM

The IRS won't let you defer it if taxes have already being paid (there is a refund) on the tax return).  It only can be done if the taxpayer OWES money.

Line 10 shows a negative number, which means that all taxes have been paid, so nothing can be deferred.  You need to leave Line 11 blank.

bobnbob
Level 1
‎03-13-2021 11:23 AM

Thanks, TaxGuyBill.  That answer was so simple, that I feel stupid!  I thought that entering 0 would be like leaving the line blank.  I guess not!

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