I have a 1099 misc for selling houses, it is my commission. But I am not getting my standard deduction against it. What is going on?

mrbill · ‎June 1, 2019

I have a 1099 misc from my Broker. It commission from selling property. My personal deduction is not going against it, why? How should I put it in to Turbo Tax? I am self-employed.

AlanT · ‎June 1, 2019

Your standard deduction is being used to reduce your taxable income. However, you will owe additional self-employment tax. This is your share of Social Security and Medicare

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AlanT · ‎June 1, 2019

Your standard deduction is being used to reduce your taxable income. However, you will owe additional self-employment tax. This is your share of Social Security and Medicare

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

I have a 1099 misc for selling houses, it is my commission. But I am not getting my standard deduction against it. What is going on?