Schedule SE calculates the Social Security and Medicare tax (self-employment tax) on profits from self-employment and certain other income.
When you enter your Self Employment income and expenses, TurboTax will automatically fill out Schedule SE and attach it to your return.
The amount of your self-employment tax from (the amount on Schedule SE) is included into the running amount of your total tax refund (or tax owed), displayed in TurboTax as you work on your return.
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