I was required to upgrade to a self-employment form and then after entering my 1099 info my refund was reduced by $1000 but I don't think I owe that much. Help?

ashleighdahl17 · ‎January 24, 2020

DanaB27 · ‎January 24, 2020

Depending on how much self-employment income you had it is possible that your refund can get reduced by that much if you didn't make any estimated tax payments during the year. The self-employment income is subject to your income tax rate and to the self-employment tax rate of 15.3%. Please see this link for additional information: What is the self-employment tax?

If you are unsure about your return you can always have your return reviewed a TurboTax Live expert: What is TurboTax Live?

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I was required to upgrade to a self-employment form and then after entering my 1099 info my refund was reduced by $1000 but I don't think I owe that much. Help?