The credit for sick leave and family leave for self-employed individuals calculated on Form 7202 is for tax years 2020 and 2021 only. The form is obsolete after those years.
Note: This form is for individuals with self-employment income who are unable to work for reasons related to COVID-19.
Click here for information about how the credit is calculated.
Before starting Form 7202, complete the forms that include net earnings from self-employment:
- Schedule C
- Schedule F
- Schedule K-1 (Form 1065), Box 14A
To complete Form 7202 in TaxSlayer Pro, from the Main Menu of the tax return select:
- Payments, Estimates & EIC
- Self-Employed Sick/Family Leave Credit
- For a MFJ return, select for whom the form is being completed, Taxpayer or Spouse
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Complete each menu line as needed:
Part I - Credit for Sick Leave for Certain Self-Employed Individuals
- Days you required coronavirus-related care - Enter the number of days the taxpayer was unable to perform their self-employed work due to personal coronavirus-related reasons during the period April 1 to December 31, 2020, i.e., they were subject to a governmental quarantine order, they were advised by their physician to self-quarantine, or they were experiencing coronavirus symptoms and were seeking medical care.
- Days you provided coronavirus-related care to another - Enter the number of days the taxpayer was unable to perform their self-employed work due to family coronavirus-related reasons during the period April 1 to December 31, 2020, i.e., caring for someone subject to a governmental quarantine order, caring for someone who was advised by their physician to self-quarantine, or caring for a child due to their school or child care facility being closed for coronavirus-related reasons.
- Employer paid sick leave subject to $511 - If any amounts were paid they will be notated "sick leave wages subject to the $511 per day limit" on Form W-2, Box 14 or in a separate statement from the employer.
- Employer paid sick leave subject to $200 - If any amounts were paid they will be notated "sick leave wages subject to the $200 per day limit" on Form W-2, Box 14 or in a separate statement from the employer.
Part II - Credit for Family Leave for Certain Self-Employed Individuals
- Days you provided coronavirus-related care to son/daughter under age 18 - Enter the number of days the taxpayer was unable to perform their self-employed work due to their son's or daughter's school being closed or child care provider being unavailable due to coronavirus-related reasons during the period April 1 to December 31, 2020. If there is a question about whether a particular individual fits the definition of son or daughter, see here for more information.
- Employer paid family leave wages - If any amounts were paid they will be notated "emergency family leave wages" on Form W-2, Box 14 or in a separate statement from the employer.
- Net Earnings from Self-Employment - The net earnings from self-employment in the tax return automatically pulls to the form, however per Section 287 of the Consolidated Appropriations Act, 2021, for tax year 2020 the taxpayer can elect to use the prior year net earnings from self-employment (as indicated on the prior year Schedule SE Line 6) if it is higher than the current year's amount. To make that election, select this line and enter as an adjustment the difference between this year's amount and the prior year's amount.
Note: This is a guide on completing Form 7202 in TaxSlayer Pro. This is not intended as tax advice.
Additional Information: