2999846
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The program includes the amount of Self-Employment Tax (FICA) as well as the income tax owed on that income.
More about Self-Employment Tax.
I am confused on where turbotax thinks the withheld tax is? None of my 1099's had any withheld income tax.
Are you sure you are looking at tax withheld? Where do you see the $5K?
Do you have any W-2 forms entered? Review your 1099-NEC entries and make sure you did not enter anything in Box 4 if there were no withholdings. Withholdings are payments, don't file yet if your return is showing tax payments that you did not make.
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