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February 17, 2021
Question

Why is it telling me I need to review my Schedule C, double click to link and also my max deferred taxes? Anyone else have this issue or know how to fix it?

  • February 17, 2021
  • 1 reply
  • 0 views
At the end of my taxes it comes up that I need to review my schedule c and brings up a form telling me to link to Schedule C.  I leave it blank and click continue but then it brings up another form asking me what attributed to my max deferred taxes between march and dec ? I have never had this happen before and I have started my return over 3 times now.  How can I fix this?

1 reply

February 17, 2021

 

The self-employment tax deferral is a new COVID related feature of the tax code.

 

In TurboTax Online Self-Employed, I was able to enter a self-employment tax deferral and pass Review.  Then I was able to remove self-employment tax deferral and pass Review.

 

Follow these steps.

  • Down the left side of the screen, click on Federal.
  • Across the top of the screen, click on Deductions  & credits.
  • Under Your tax breaks, scroll down to Self-employment tax deferral.
  • Click on Edit/Add to the right of Self-employment tax deferral.
  • At the screen Do you want more time to pay your self-employment tax?, click Yes.
  • At the screen Let's start by getting your eligible income, I have left the dollar amount that was previously entered, others change this amount to $0.
  • Click on Continue.
  • At the screen Tell us how much you'd like to defer, change the dollar amount to $0.
  • Click Continue.
  • Click through Federal Review to make sure than the Review issue has been removed.
  • At the screen Some of your self-employment taxes may be eligible, click Skip.
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