Get Instructions For Schedule Se - Uncle Fed's Tax*board

If you realize a net business loss on Schedule C (Form 1040) Profit or Loss From Business, you are not required to file Schedule SE (Form 1040) Self-Employment Tax or pay self-employment taxes.

Use Schedule SE (Form 1040) to figure the tax due on net earnings from self-employment. The Social Security Administration uses the information from Schedule SE to figure your benefits under the social security program.

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In line 6, add the figure from line 4c (the maximum non-church income that is subject to tax) and the figure from line 5b (the maximum employee church income subject to tax). Line 7 is the maximum amount subject to the Social Security tax, which, for 2023, is $160,200.

Line 7 – Unemployment Compensation Paid Family Leave Insurance (PFL) benefits, also known as Family Temporary Disability Insurance – Payments received from the PFL Program are reported on federal Form 1099-G, Certain Government Payments. California excludes payments received from the PFL program from taxable income.

In line 6, add the figure from line 4c (the maximum non-church income that is subject to tax) and the figure from line 5b (the maximum employee church income subject to tax). Line 7 is the maximum amount subject to the Social Security tax, which, for 2023, is $160,200.

Line 6 is for farm income. Attach Schedule F as well. Line 7 is for reporting any unemployment insurance you received. You should have also received a Form 1099-G, with box 1 showing the total unemployment compensation you received during the year.

Line 7 reports your net capital gain or loss. Capital gains and losses are created when securities or other capital assets are sold throughout the year in taxable accounts. Typically, Schedule D and Form 8949 will also be required to report the details of your transactions for the year.