turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Last year I had deductions for my small business. This year I'm not finding where to input that. Can I still do this?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
MayaD
Expert Alumni

Last year I had deductions for my small business. This year I'm not finding where to input that. Can I still do this?

As self-employed, you can deduct eligible business expenses that are common and also necessary for your operations.

What self-employed expenses can I deduct?

Self employment expenses go on Schedule C.

 

  1. Type Schedule C in the search box
  2. Select Jump To Schedule C
  3. Answer Yes to Did you have any self-employment income or expenses? and answer the questions until you get the Select any expense categories you have screen.
  4. Select your expenses, then Continue.
    • If you've already worked in this section, select Edit or Review next to your business.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Last year I had deductions for my small business. This year I'm not finding where to input that. Can I still do this?

If you have self-employment income for which you will pay self-employment tax for Social Security and Medicare,  you will need to use online Premium software or any version of the desktop software download so that you can prepare a Schedule C for your business expenses.

 

 

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/...

 

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-self-empl...

 

 

If you live in a state with a state income tax, you might need to make estimated payments to your state.

 

https://turbotax.intuit.com/tax-tips/small-business-taxes/the-home-office-deduction/L1RZyYxzv

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question