- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Is are the New Mexico state taxes I paid the self-employment tax?
I'm sorry, I've not stated the question well. I wasn't sure how to pose it. In late 2017 I started a small, side business to help supplement my regular income. Twice in 2018 I paid the CRS-1 tax in New Mexico for the income I made.
I'm using TurboTax Home & Business 2018. I'm in the Business section. At the place where it says, "Let's gather your business info". I've already gone through the Business Income and Expenses, Rental Properties and Royalties, and Farm Income and Expenses. Now I'm at the 4th section where I says:
Business Taxes
Self-employment tax
I'm not clear; is the taxes I've paid on the NM CRS-1 form what's referred to here in TurboTax as "Business Taxes -- Self-employment tax"?
Topics:
‎June 6, 2019
1:56 AM