You will file a Schedule C as a self-employed person.
(This is true as long as you have not taken any steps to become a
corporation or are not a multi-member LLC.) The Schedule C loss will flow onto
your individual income tax return (Form 1040) and be netted with other personal
income and expenses.
How to get to the area to enter your
business expenses
:
While inside the software and working on your return,
type Schedule C in the Search at the top of the screen (you
may see a magnifying glass there). There will be a popup that says Jump
to Schedule C. Select that to get to the general area.
You
can use your own name and address for the business. And, there is no need
for an EIN when it asks for that.
Follow through all the areas in the Business section of the
TurboTax software and it will provide you with a lot of assistance. You'll
notice blue links that have more information and details about the particular
sections that will be extremely helpful.
Also, this link may be helpful to you IRS Small
Business Help Center .
