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Federal input screens

Screen OtherTax - SE, Other Taxes, 4137, 8919 (1040)

Overview

Use this screen to enter information that directly transfers to, or eventually transfers from, other forms and schedules to the 1040 return.

Schedule SE

Use this section to enter self-employment information that transfers to Schedule SE and Page 2 of the 1040 return. UltraTax CS generates one schedule for the taxpayer and one for the spouse, if applicable. In addition, UltraTax CS automatically generates the Self-Employed Earnings Worksheet to show the origin of self-employment income.
Enter the code that corresponds to the method used to calculate net earnings. The codes are listed in the table that follows and in the fieldview.
Code
Description
1
Regular (default)
2
Farm optional
3
Nonfarm optional
4
Both 2 and 3
Enter
X
 in this field if Form 4029, Application for Exemption From Social Security and Medicare Taxes and Waiver of Benefits, has been filed with the IRS for the taxpayer and/or the spouse. If an
X
 is entered in this field, the message "EXEMPT-FORM 4029" prints on the field to the left of Page 2, line 57 of the 1040 return.
Enter the church employee income from the taxpayer's and/or spouse's Form(s) W-2 if they were not subject to Social Security or Medicare tax withholding. This information transfers to Schedule SE, line 5a.
Enter the amount of the adjustment to the calculated nonfarm self-employment income on line 2 of Schedule SE, Page 2. Negative entries are treated as subtractions from self-employment income.
Enter the amount of the adjustment to the calculated farm self-employment income on line 1 of Schedule SE. Negative entries are treated as subtractions from self-employment income.
Enter the amount of profit received as a notary public that is exempt from self-employment tax. UltraTax CS subtracts this amount from the total entered on Schedule SE, lines 1 and 2, and also prints this amount with the text "EXEMPT-NOTARY" to the left of the line 3. If the only source of self-employment income in the return is profit received as a notary public, UltraTax CS prints this amount along with the text "EXEMPT-NOTARY" to the left of Form 1040, line 57.
Enter the amount of chapter 11 bankruptcy income or loss subject to self-employment tax. This amount is added to the total entered on Schedule SE, lines 1 and 2, and also prints this amount with the text "Chap. 11 bankruptcy income" to the left of the line 3. Refer to the Schedule SE instructions for more information on reporting requirements for chapter 11 bankruptcy cases.
Enter the amount of tax the taxpayer chooses to defer. This amount also transfers to Form 1040, Schedule 3, line 12e.

Other Taxes

Use this section to enter other tax information that transfers directly to Page 2 of the 1040 return. Note that the forms you use to arrive at these totals are listed in parentheses to the right of each field.
A statement is provided for entering other taxes not specifically listed in this or other screens. These amounts also transfer to the appropriate lines on Page 2 of the 1040 return.
Enter the housing credit recapture from Form 8611, if applicable. This amount is included on line 62 of the return. In the fields to the left of line 60, "LIHCR" and the amount print.
Enter the amount of other taxes to be reported on Page 2, line 62 of the 1040 return. In the fields to the left of line 62, the the words "Other Taxes" and the amount print. A custom fieldview is available in the statement attached to these fields.
Entry
Description
ADT
Tax on Accumulation Distribution of Trusts
EPP
Tax on excess Golden Parachute payment
S453A
Section 453A interest on deferred tax from certain installment sales
72 (M)(5)
Section 72 tax on distribution of excess benefits from a qualified pension or annuity
S72P
10% tax on distribution of excess benefits from a qualified pension plan or annuity
NQDC
Income from nonqualified deferral compensation plan
453(l)3
Section 453(l)3 interest on deferred tax from certain installment sales
1260(B)
Section 1260(B) interest on deferred tax for open constructive ownership transactions
Amounts entered in this field transfer to the taxable income line on Form 1040, Page 2. Taxable income is reduced by this amount and "CCF" prints immediately to the left of the line.
Amounts entered in this field will be reported on Form 1040, line 73. Box d will be marked the the text "I.R.C. 1341" will print to the right of line 73.
Amounts entered in this field will be reported on Form 1040, line 73. Box d will be marked and the text "Tax" will print to the right of line 73.
The amount you enter here is reported differently, depending on whether the amount is positive or negative.
Positive amount
  • Form 1040/1040-SR/1040-NR, line 16: Box 3 is marked and "Form 8978" prints to the left of line 16.
Negative amount
  • Form 1040/1040-SR/1040-NR, Schedule 3, line 61.

Form 4137 - Social Security/Medicare Tax on Unreported Tips

Use the General information statement for the taxpayer and/or spouse to enter unreported tip income that transfers to Form 4137. Only enter information that was not already reported on a W-2. One form for the taxpayer and one for the spouse generates, if applicable.
Enter the total cash and charge tip income received but not reported because it was less than $20 per calendar month.
If tips were not reported to the employer as required, a penalty equal to 50 percent of the social security and Medicare taxes due on the tips can be imposed. If there was reasonable cause for not reporting the tips, use the statement to enter the explanation for why the tips were not reported to the employer. This statement will print with the return. If electronic filing is used, this statement is included in the electronic file sent to the IRS.

Form 8919 - Social Security/Medicare Tax on Unreported Wages

Use the General information statement to enter the information necessary to calculate Form 8919 for the taxpayer and/or spouse. If the EIN or SSN is not known, leave that column bland and "Unknown" prints on Form 8919, line 1, column b.
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