You'll need to sign in or create an account to connect with an expert.
If you run a small business as an independent contractor, freelancer, single-member LLC and you also have W-2 income, you'll need to use one of the following versions.
Related information:
Just fair warning, don't be shocked at the amount of additional tax you may owe.
Starting your own business requires a good understanding of the tax implications; you will owe both income tax and also self-employment tax.
Here are a couple of links that will provide you with some guidance / information on small businesses:
https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center
Appears the 2019 Publication has not been released, but the 2018 will provide good guidance:
https://www.irs.gov/pub/irs-pdf/p334.pdf
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
malebron
New Member
ataguchi
New Member
malebron
New Member
Atari88
New Member
eveningsky5
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.