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Are you asking how to pay the deferral for 2020 SE tax on the 2021 return ?
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no, it has been paid - where is that reflected on the 1040 as an offset to the deferred amounts?
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I haven't even looked at 2021 Form 1040 but I wouldn't think it would be on there....unless there will be some special schedule to reconcile amount deferred to amount paid.
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I'm just throwing out the possibility that IRS will have an option to apply 2021 refund to the deferred balance. No different than First Time Homebuyer Credit repayment.
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It is a tax for 2020, and payments are due by December 31st. Why would it show up on a 2021 tax return that has payments due on April 15th (or later)?
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I didn't have any clients that deferred but I thought it was 50% 12/2021 and 50% 12/2022.
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My thinking is that (1) you 'deferred' the tax on the tax year 2020 Form 1040 - (2) the IRS is sending notices that 50% (or more) must be paid by December 31, 2021, (3) to close the 'loop' you'll reflect that you deferred the tax - paid the tax - offset the tax. Ok, I'll stay tuned.
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Didn't have any clients that utilize this either... Really what good is it?... Creates nothing but a future issue or work, in my opinion it should have never been offered..