Skip to main content
June 8, 2019
Question

I have rental income reported on Schedule E. TurboTax calculated self employment tax on my income. Is that correct?

  • June 8, 2019
  • 1 reply
  • 0 views

Was SE tax calculated on the rental income because of my answers to the questions about my level of participation in the rental income? I also have business income reported on Schedule C and understand SE tax is due on that income. 

1 reply

June 8, 2019

Self-employment tax should only be calculated on your net income from business, not your rental income. Revisit the income reported for the Rental and if you entered a 1099-Misc, check to see if you entered that income in  Box 1 "Rents".

Please comment if you need additional help with this.