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Level 4
March 2, 2020
Solved

social security tax maximum reached with taxpayers w-2 but also has k-1 self employment income

  • March 2, 2020
  • 11 replies
  • 43 views

taxpayer reached max on social security tax withheld with w-2 income but also has k-1 self employment income that SE tax has been calculated.  how do I prevent this?? its not showing on schedule 3 line 11 as excess

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Best answer by Just-Lisa-Now-

Be sure that both W2s and the K-1 are assigned to the correct person.  Look at Sch SE, Medicare will still be computed, but SS shouldn't be,

11 replies

Just-Lisa-Now-
Intuit Community Champion
March 2, 2020

Be sure that both W2s and the K-1 are assigned to the correct person.  Look at Sch SE, Medicare will still be computed, but SS shouldn't be,

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 4
March 2, 2020

Thank You!!!   greatly appreciated!!    have a great day