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ozb
New Member

Which versions of TurboTax contain Schedule C?

I will receive a 1099-NEC with a small amount of income (less than $400).  No tax is withheld.  Does this need to be filed on a Schedule C?
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4 Replies

Which versions of TurboTax contain Schedule C?

Are you sure you will get a 1099NEC?   They don't have to send one for less than $600.   Do you have any expenses for it?   What's it's for?  Could it be considered hobby income?

Which versions of TurboTax contain Schedule C?

To fill out Schedule C for self employment.  You can enter Self Employment Income into Online Deluxe but if you have any expenses you will have to upgrade to the Premium or use any of the Desktop CD/Download programs. All the Desktop programs have the same forms, so you can buy a lower version.  You just get more help and guidance in the higher versions.

ozb
New Member

Which versions of TurboTax contain Schedule C?

Thanks for your reply.  Have received a 1099-NEC the past few years.  Income from a partnership in an oil well.  Minimum expenses with the associated income.

What I do not understand is if Schedule C is included in the Deluxe version, why cannot expenses be entered?

 

rjs
Level 15
Level 15

Which versions of TurboTax contain Schedule C?


@ozb wrote:

What I do not understand is if Schedule C is included in the Deluxe version, why cannot expenses be entered?


That's a TurboTax marketing decision for the Online editions. All the Online editions other than Premium have limitations on what tax situations they will handle. The Deluxe edition of the CD/Download TurboTax software will allow you to enter expenses.

 

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