self employment

When you report self-employment income on IRS Form 1040 Schedule C, self-employment taxes should be generated on Schedule SE.  Verify the numbers by viewing the tax return as follows:

• Down the left side of the screen, click on Tax Tools.
• Click on Tools.
• Under Other helpful links, click on View Tax Summary.
• Down the left side of the screen, click on Preview My 1040 to see the actual tax return that you prepared.
• Down the left side of the screen, click Back to return.

There are COVID-19 related deductions and credits available for self-employment income.  See here.

Self-employment income should carry forward to your state tax return so any deductions from self-employment income will also carry forward to the state tax return.

To access self-employment income in TurboTax Online Self-Employed, follow these steps. 

• Click on Federal down the left hand side of the screen.
• Click on Income & Expenses across the top of the screen.
• Under Your income and expenses you will find Self-employment income and expenses.
• Click on Edit/Add or Start to the right.
• TurboTax will ask questions and guide you in establishing your self-employment entity.

See also this TurboTax Help concerning self-employment income and deductions.