It won't necessarily change the amount you owe on its own, but reporting your Form W-2 income as statutory employee income will report the income on a Schedule C, and also probably raise red flags with the IRS. In other words -- if you're not a statutory employee, you don't want to claim that you are.
To delete your statutory employee indicator in TurboTax Online:
- Select Tax Home in the left pane
- On the Hi, let's keep working on your taxes! screen, select the dropdown to the right of Wages & Income
- Select Start, Pick up where you left off, Edit, or Work on other income, as appropriate
- Scroll down and select Edit/Add to the right of Job (W-2)
- On the Your W-2 summary screen, select the dropdown to the right of the Form W-2 you incorrectly indicated statutory employee status for
- Select Edit
- When you get to the Now let's update the rest screen, scroll down to Box 13 and uncheck the Statutory employee box
- Select Continue