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- Schedule C, Net SE income of $22,685 after SE Tax deduction . Input 1 to max SEP. Diagnostic - SEP deduction was disallowed due to the lack of self-employment income.
Schedule C, Net SE income of $22,685 after SE Tax deduction . Input 1 to max SEP. Diagnostic - SEP deduction was disallowed due to the lack of self-employment income.
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amontecpa
Level 1
03-20-2022
07:30 PM
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Please explain if there is a box that needs to be checked somewhere. How can Sch SE generate and calculate SE tax and then say no SEP deduction because no SE income?
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TaxGuyBill
Level 15
03-20-2022
07:57 PM
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Is there a second business that had a loss?
Any chance you have the Schedule C for one taxpayer, and that you are indicating the SEP is for the spouse (with no Schedule C)?
amontecpa
Level 1
03-24-2022
11:10 AM
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No. It is all set up as the spouse. I even tried switching everything to the taxpayer and got the same diagnostic. So it is something else.
