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clooneyd
June 28, 2023
Solved

Tax due is diff on 1040SR to be filed vs 1040 under Forms in TT.

  • June 28, 2023
  • 1 reply
  • 0 views

I've run into a discrepancy.  When I print the PDF of 1040 SR before filing, it shows zero tax due.

When I look at the forms behind TT, the 1040 shows a tax due of $175, which indicates it's SE tax.

There is a sufficient NOL to wipe out that tax due.  

What could be causing this diff?  The taxpayer is a missionary and has not paid SE before due to NOLs.  What could I be missing in not brining the forms down to zero like the PDF?

 

This is on a desktop PC.

 

Thanks in advance for any comments you can provide.

    Best answer by AmeliesUncle

    Does Schedule 2 show the SE tax on line 4 (and line 21)?

     

    If so, that number SHOULD be flowing to line 23 of Form 1040SR.  If it isn't, it seems to be a program error.

    1 reply

    A
    AmeliesUncle
    June 29, 2023

    A NOL carryover does not reduce Self Employment Tax.

     

    As for why the 1040SR shows zero tax due, that is weird.  So line 24 of the 1040SR shows zero (or is blank)?

      C
      clooneydAuthor
      June 29, 2023

      That's correct, it's zero.

      Thanks for your reply on the NOL not wiping out the SE tax.

      Guess I'll do some more digging.

      A
      AmeliesUncleAnswer
      June 29, 2023

      Does Schedule 2 show the SE tax on line 4 (and line 21)?

       

      If so, that number SHOULD be flowing to line 23 of Form 1040SR.  If it isn't, it seems to be a program error.

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