1040-US: Partner's net SE income/loss fields for the Tax Projection Worksheet are not reported as next year's Schedule E income/loss

Alerts and notices
Leave feedback

Internal Employees: Submit feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.


Characters left:

Change to CS Support service hours

Our Support department is closed on [[date]]. However, limited UltraTax CS phone support is available on that date from 9 AM - 5 PM ET due to the approaching deadline.

Links to our most popular tax processing topics are available in the Alerts and notices section on the right side of most pages.

Question

Partner's net SE income/loss fields located in the Taxpayer and Spouse Self-employment section are not reported as next year's Schedule E income/loss. Why?

Answer

Only enter the projected amount of the partner's income or loss that is subject to the self-employment tax. The application combines this information with the other fields in this section to calculate the projected 2018 self-employment tax. Enter any projected changes to overall Schedule E income for 2018 in the Sch E income/loss field in the General Information & AGI Items section of this screen.

Related topic: Tax Projection Worksheet FAQs (1040)

Share This