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Self Emp Tax

tm4765
Level 1

Why won't different numbers for line 18 always says too large. on the schedule SE  page . I even put 0 through 6787 numbers

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6 Comments 6
TaxGuyBill
Level 15

Schedule SE says that, or are you talking about the deferral of SE tax on Schedule 3?

If you are referring to Schedule SE, does Line 3 show a positive number (a profit from the business)?

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tm4765
Level 1

No it shows a loss of -6567

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TaxGuyBill
Level 15

Then leave it BLANK.

tm4765
Level 1

Yes I put ) in the correct box and when a run a review the same entry pops up to correct the entry.  This will pop up as a red flag when I file my taxes with the IRS.. I'm I correct on this??

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tm4765
Level 1

I did leave it blank and when I run a review it says I must correct this????

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qbteachmt
Level 15

"when I file my taxes with the IRS"

A loss means no SE taxes are owed, so there is nothing to defer. But we cannot explain how to do it in TurboTax. You seem to be lost on the internet.

You’ve come to a Peer User community for Intuit Tax Preparation products supporting tax preparation professionals using ProSeries, Proconnect and Lacerte , and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.

Thanks.

 

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