Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Can i use the whole amt that is on line 3 of self employment tax put that amt on line 18

tarshacha
Level 1
 
0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

2 Comments 2
Just-Lisa-Now-
Level 15
Level 15

L:ine 3 and Line 18 of what form?   


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
dkh
Level 15

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.

0 Cheers