I am a full-time salaried employee and I receive a W2 for my wages. However, in 2020 I took an extra side-job at another company and made some additional income, around $5000. For this work I received a 1099-NEC, with the amount reported in Box 1. When I enter this information into TurboTax Delux 2020, TT does not by default create a 1040-SE nor a Schedule C, instead it reports that $5,000 as "Other Income". This reduces my tax liability significantly since it does not make me pay Self Employment tax. However, from the articles I have read, it seems I might have to pay SE tax on that money. So my questions is this, is there some reason that I would not have to pay SE tax on this income, or am I somehow using TT Delux 2020 wrong (or even a "glitch" in the program) where it is not asking me to pay SE tax when I should have to? (Note that if I report expenses against this income, TT does create the Sch-SE and Sch-C, yet it would be greatly more advantageous for me to not do it that way.)
