Having your business means paying the self-employment tax. Because you are considered as a business owner, that' why you are paying self-employment tax. Also, it's the IRS that decides the rules, not TurboTax. When you receive a Form 1099-MISC with an amount in box 3 or 7, IRS considers you as a business owner unless you qualify for one of the exceptions like a reward, prize or settlement when you only receive once or twice. The law says you are a self-employed business owner and subject to self-employment tax even though it is only an internship job. If you are studying major engineering related and perform an internship related to that, you are required to file a Schedule C as a business owner to pay self-employment tax. Note that the IRS also receives a copy of this Form 1099-MISC and will expect to see the information is being reported correctly on your taxes. To compare your numbers with that by TurboTax, please revisit Schedule SE, Form 1040 line 15 and Schedule 2 where the self-employment tax should show on line 10.
If you would like to have one of our tax professionals to review your tax forms, I would suggest you consider our new product/features TurboTaxLive. To reach one of our tax professionals, in the TurboTax program, once you complete your taxes, before you file, you’ll be given the option for a final review of your return by one of our experts. After they completed reviewing your return, they’ll inform you of any proposed changes.
Here are the instructions:
From <https://turbotax.response.lithium.com/console/agent/4041379?>
@jeetshek Also see IRS Schedule SE and Form 1040 tax forms: Schedule SE, 1040, Schedule 2
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