Solved: I have TurboTax Deluxe. I have a sole proprietorship with income of under $100. Will this work?

I have TurboTax Deluxe. I have a sole proprietorship with income of under $100. Will this work?

posted

Yes, it will work because the $100 can be claimed as just other income, since you won't owe any self-employment tax on it. You won't be able to deduct expenses though.

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Yes, it will work because the $100 can be claimed as just other income, since you won't owe any self-employment tax on it. You won't be able to deduct expenses though.