Question

Further action needed with form SE?

Forum|Forum|3 years ago
April 1, 2023
1 reply
0 views

Hello,

I just completed and filed my taxes with turbo tax. How do I know if any further action is needed with form SE? If I owed for this particular portion of my taxes, would it have shown as taxes due rather than a refund?

Thanks

TurboTax Home & Biz Windows

SharonD007

Your self-employment taxes are included in your total tax and if you get a refund it was subtracted from your withholdings already. If you have a balance due, it was added into you tax liability. You do not have to do anything other than file your income tax return.

Your self-employment income is reported on Schedule C of your Form 1040 and your self-employment tax is calculated on Schedule SE (if your self-employment income minus expenses is at least $400). That amount shows up as Other Taxes on Schedule 2 line 4.

Please review TurboTax article The Self-Employment Tax for more information.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"