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Common questions on Schedule SE Self-Employment tax in Lacerte

SOLVEDby IntuitLacerte Tax87Updated July 19, 2022

How do I elect to defer self employment tax for tax year 2020?

New Part III has been added to Schedule SE to allow self-employed persons to figure a maximum amount of self-employment tax payments which may be deferred. All maximum deferral amounts will be carried to Schedule 3 (Form 1040), and the total amount that you may elect to defer may be further reduced.

To make the deferral election in Lacerte:

  1. Open the tax return.
  2. Open Screen 45.1 Self-Employment Tax (Schedule SE).
  3. Check the box for Elect to defer maximum allowed amount of Schedule SE or H taxes to 12/31/21 or 12/31/22.
  4. The Schedule SE Part III will still calculate and the deferral amount will transfer to the Schedule 3 line 12e.

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