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About Schedule SE Form 1040, Self Employment TaxAbout Schedule SE Form 1040, Self Employment Tax2020 Instructions for Schedule S 2022-2025

Se 2022-2025 Form

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Video instructions and help with filling out and completing About Schedule SE Form 1040, Self Employment TaxAbout Schedule SE Form 1040, Self Employment Tax2020 Instructions For Schedule SE Internal2020 Instructions For Schedule SE Internal

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Instructions and help about self employed taxes

all right for this video I wanted to do a walk through of the schedule SE for self-employment taxes and this is going to be for the 2023 tax year and in this scenario what we want to do is look at a taxpayer that elects to calculate their self-employment tax under the non-farm optional method so in this sample schedule SE and tax return what we have is the schedule C Business for the taxpayer results in a net loss at the end of the year so they have a minus $250 loss and so their schedule SE for self-employment income works with a minus $250 which ultimately means they owe no self-employment tax right so on lines 12 and 13 down here we have no self-employment tax calculated and we have no deduction for 1 half of any kind of self-employment tax CU it's zero so what what would we do if instead the taxpayer made the election to calculate their SE income using the nonfarm optional method so that's where we're going to go through here so I've got the full ret

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