tarshacha
Level 1
03-20-2021
07:55 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Labels
Just-Lisa-Now-
Level 15
03-20-2021
08:28 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
L:ine 3 and Line 18 of what form?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
dkh
Level 15
03-21-2021
06:26 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
You are talking about Schedule SE - correct ? I'm guessing yes so -- If the income was for Jan-Dec you are to use only the amount that was income for Mar27-Dec31. I read (can't find the source now) that an acceptable method is to use 77% of line 3 for line 18. If all the income was earned after March 27th then yes you can use 100% of line 3 for line 18.
You probably already know this but the actual deferral is on Schedule 3. There is a SmartWorksheet in the 1040Worksheet.