Question

TurboTax is showing that I owe self employment tax but I took no salary in 2020. All profit made by my s Corp was kept in the company.

Forum|Forum|5 years ago
March 12, 2021
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TurboTax Self Employed Online

According to the TurboTax article How an S-Corp Can Reduce Your Self-Employment Taxes:

If you organize your business as an S-corporation, you can classify some of your income as salary and some as a distribution. You'll still be liable for self-employment taxes on the salary portion of your income, but you'll just pay ordinary income tax on the distribution portion.

Check your K-1 to see how the income is classified.

[Edited | 3/12/2020 11:39pm PST]