Kat
Level 15
Level 15

Business & farm

Yes, you'll need to be calculating your self-employment tax to be submitted along with your quarterly estimated tax payments.  

 

The IRS publication 2020 Form 1040-ES will give you all the info you need.  You'll see a worksheet on page 8 for calculating your estimated taxes.  But before that, on page 6, see the separate worksheet for self-employment taxes.  Once you've completed these worksheets, you should have the total you'll need to submit quarterly.  I'm linking the publication below.

 

2020 Form 1040-ES (irs.gov)

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***