I need to add business income & expenses what do i need to do?
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smallmeadows
New Member

I need to add business income & expenses what do i need to do?

 
1 Reply
CathiM
New Member

I need to add business income & expenses what do i need to do?

There are 2 ways to get there:

Type “Schedule C” in the Search box.

Select the “Jump to” link.

  • If this is your first time working in this section: You’ll be asked some questions about your self-employment work, after set up, you have a chance to enter your income & expenses. 
  • When back to the "Here's your business info"  screen> Click on Add Expenses for this work or Add Income for this work
  • OR 

    To start from the home page: 

    1. Click on Federal to the left of your screen and
    2. Click on Income and Expenses and then click the Start/Review box in the Self-Employment section (Scroll down until you see it)
    3. Answer Yes on the screen Did you have any self-employment income or expenses?
    4. Follow the interview to Add Your Business Info
    5. After you add your business info you answer questions about your income
    6. Next the interview will guide you through enter your expenses
    7. get back to the "Here's your business info" screen, click on Start next to the expenses you chose or Add Expenses for this work
    8. You can also Add income for this work from  "Here's your business info" screen
    9. Scroll all the way down to Less Common Expenses and click on the arrow to open up more choices

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