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Level 1
June 6, 2019
Solved

I am trying to file a 1040 Profit or loss from business can you please assist me to how to get to that form

  • June 6, 2019
  • 1 reply
  • 0 views
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Best answer by Vanessa11_2

If you are trying to enter profit or loss from business, you will need to upgrade to TurboTax Self-Employed to complete the Schedule C.

To do this once logged into your return click the following

  • Tax Home
  • Federal
  • Wages and Income
  • Scroll down and click Add More income
  • See list of all income
  • Click Show More next to Self-Employment
  • Start next to Self-Employment
  • As you walk through the entries you will be prompted to upgrade depending on your entries either while entering income or when it asks you to enter your expenses. 

1 reply

Level 13
June 6, 2019

If you are trying to enter profit or loss from business, you will need to upgrade to TurboTax Self-Employed to complete the Schedule C.

To do this once logged into your return click the following

  • Tax Home
  • Federal
  • Wages and Income
  • Scroll down and click Add More income
  • See list of all income
  • Click Show More next to Self-Employment
  • Start next to Self-Employment
  • As you walk through the entries you will be prompted to upgrade depending on your entries either while entering income or when it asks you to enter your expenses. 
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