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Returning Member
posted Apr 1, 2023 12:26:04 PM

Further action needed with form SE?

Hello,

 

I just completed and filed my taxes with turbo tax.  How do I know if any further action is needed with form SE?  If I owed for this particular portion of my taxes, would it have shown as taxes due rather than a refund?

 

Thanks

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1 Replies
Expert Alumni
Apr 1, 2023 12:46:02 PM

Your self-employment taxes are included in your total tax and if you get a refund it was subtracted from your withholdings already. If you have a balance due, it was added into you tax liability. You do not have to do anything other than file your income tax return. 

 

Your self-employment income is reported on Schedule C of your Form 1040 and your self-employment tax is calculated on Schedule SE (if your self-employment income minus expenses is at least $400). That amount shows up as Other Taxes on Schedule 2 line 4.

 

Please review TurboTax article The Self-Employment Tax for more information.