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?
01305
1 Best answer
Anonymous_
Level 15
Sep 14, 2020 6:53:27 AM
"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 Replies
Anonymous_
Level 15
Sep 14, 2020 6:53:27 AM
"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.