New (tax) year, new help!
Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.
Question
Where do I indicate that income from Schedule C or F is not self-employment income and therefore not subject to self-employment tax?
Answer
In the C screen, enter 3 in the Self-employment code field and in the F screen, enter X in the Exclude farm income from self-employment tax field. Taxable income from these activities will not be subject to self-employment tax.
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