See here for more detailed information about Schedule SE.
In TaxSlayer ProWeb, self-employment tax is automatically calculated based on the self-employment earnings and deductions included on Schedules C and F along with the self-employment income and guaranteed payments indicated on a partnership Schedule K-1, and for many tax returns the Schedule SE menu doesn't need to be visited in the program. However, there are situations that may necessitate directly editing or adjusting Schedule SE:
- The taxpayer has an approved Form 4029 or 4361 exempting them from self-employment tax.
- The taxpayer is a church employee and not a minister or clergy member.
- The taxpayer is a minister or clergy member.
- The taxpayer's self-employment income includes notary income, which is exempt from self-employment tax.
- The taxpayer is deferring self-employment tax payments.
- The taxpayer is using one of the optional methods to calculate self-employment tax.
- The taxpayer is in Chapter 11 bankruptcy and has self-employment income to report.
To create or edit Schedule SE in TaxSlayer ProWeb, from the Federal Section of the tax return (Form 1040) select:
- Other Taxes
- Self Employment Tax - For a MFJ return, indicate if the schedule is for the taxpayer or spouse.
TaxSlayer Pro strives to make the information on this page timely and accurate but makes no promise or guarantee about the timeliness, accuracy, or completeness of the contents of this page. This is general information and is not intended to be tax advice. You are encouraged to also review the underlying federal resources and publications.
Additional Information:
Minister / Clergy Member Tax Return
IRS: Instructions for Schedule SE (Form 1040), Self-Employment Tax
IRS: Instructions for Schedule C, Profit or Loss From Business
IRS: Instructions for Schedule F, Profit or Loss From Farming