When you complete the income and expenses section in TurboTax Self-Employed, all of the information will directly flow into the Schedule C and complete it with the information that you have provided.
You can find out more about the Schedule C and the different sections by clicking the link below:
Follow the steps below to enter your income and expenses section:
Ok - honestly I'm not dumb...I cannot find "federal taxes" after I click Take me to my return. And the top of my screen says TurboTax Self Employed. It just keeps prompting me to enter my schedule C info which I don't have yet. And there's no where in this version asking me for Self Employment info. Do I have the wrong version? I've searched for an upgrade button - nowhere to be found. And I tried to buy a separate version and it won't let me because I already have this one it keeps bringing me back to it.
Do you see some tabs across the top of the screen under the blue bar? Next to Personal Info there should be a Federal tab.
No. That's what's weird. What you're saying makes sense - I've used TurboTax for years and I'm familiar with what you're asking me to look for but
Here's what it says going across: <Tax Timeline Personal Info Business Personal State Taxes Review File
And my tab right above that says Intuit Turbo Tax Self Employed. So confused.
I've clicked on all those buttons and none of them lead me anything like Federal
Okay, click Business and you should be able to enter your business income and expenses to be transferred to your Schedule C. I updated the answer above to reflect the change.
Ok I did and that's where my frustration lies - it's asking me for income FROM my Schedule C which I haven't generated yet and don't see a place to generate a Schedule C.
Picture of a red briefcase on the left and then title Business Income and Expenses and Underneath that it says Schedule C, 1099 Misc and underneath that Profit or Loss from Business.
Actually, I may have figured it out. After I clicked on Income and then Edit, it's now asking me details about self-employment income. I'll take that path and see what happens. Thanks for your help.
One other questions: my husband had 2 self employed gigs in two different states because we moved, but it's asking for one address...I'm assuming the most current address is the one I should use?