Thank you for your answer. I need to ask some clarifying questions. In my regular job I am a W-2 employee. If I'm understanding you correctly, what I paid to the state of New Mexico, with the CRS-1 form, doesn't affect Social Security and Medicare at all. Is that correct? I was under the impression that it did. I know I didn't pay anything to the Federal government from the earnings I made in my side business. So, do I enter what I earned here and TurboTax calculates it for me?
