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Self employed
When you enter a 1099-MISC or 1099-NEC the refund monitor tends to reflect the assumption that the income is self-employed income and calculates the additional self-employment tax. When you, correctly, respond "no" to the "involve work like __'s main job", TurboTax adjusts and takes away the additional tax. So end result is your refund should go up and if it's showing an amount due, that should go down.
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‎February 7, 2022
12:38 PM
868 Views