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?

posted

Connect with an expert

1 Best answer

Accepted Solutions

"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.

1 Reply

"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.

Still have questions?

Questions are answered within a few hours on average.

*Must create login to post

Unlock tailored help options in your account.