If you have income from self-employment, work as an independent contractor, or other income that is paid to you on Form 1099-MISC then for tax purposes you have a "business". As such, your business income is subject to the self-employment tax (which you see on Line 15) but in certain instances you are also entitled to the relatively new Qualified Business Income (QBI) deduction that you see on Line 10.
For income paid to you in Box 7 (nonemployee compensation) of Form 1099-MISC, there is generally no way around the self-employment tax on the net profit.
Do be sure that you have entered all of the data necessary to deduct expenses related to the income (in the business income section of TurboTax) which reduces the net profit and, therefore, the self-employment tax.
@JamesLynn
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
