1720027
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

bumbacat
Returning Member

Am using TT 2019 version to compute our quarterly estimated taxes. Do the tax amounts calculated by TT include the FICA portions due from a sole proprietor?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Am using TT 2019 version to compute our quarterly estimated taxes. Do the tax amounts calculated by TT include the FICA portions due from a sole proprietor?

"Do the tax amounts calculated by TT include the FICA portions due from a sole proprietor?"

 

Yes, the figures on Forms 1040-ES, calculated by TurboTax, are inclusive of self-employment tax. 

View solution in original post

1 Reply

Am using TT 2019 version to compute our quarterly estimated taxes. Do the tax amounts calculated by TT include the FICA portions due from a sole proprietor?

"Do the tax amounts calculated by TT include the FICA portions due from a sole proprietor?"

 

Yes, the figures on Forms 1040-ES, calculated by TurboTax, are inclusive of self-employment tax. 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question