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Where to input LLC expenses

I have input the 1099 NEC for my LLC.  Where do i input my LLc's expenses such that they reduce my taxable earnings.

 

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4 Replies
ThomasM125
Employee Tax Expert

Where to input LLC expenses

You have to go to the Self-employed section in the Wages and Income area of TurboTax. If you entered a Form 1099-NEC, you will see a company set up there that you can update to enter in your business expenses.

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Where to input LLC expenses

Hey Tom.

I see Business items section and I see where the 1099 NEC income amount is shown.  That said when you hit that I don't see anything that  comes up for inputting expenses.

 

Where to input LLC expenses

are you using online or desktop? if online, which version?  

Where to input LLC expenses

Tom.  Does inputting directly into schedule c have the same effect as entering the totals when that long list comes up?

 

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