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Level 1
June 1, 2019
Question

I am self employed as a hairdresser and pay rental booth at a salon but i dont actually own a business how do i need to file that

  • June 1, 2019
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1 reply

June 1, 2019

If you're self-employed then you’re a sole proprietor and your business is a sole proprietorship.

Sole proprietorships:

  • Owned by one person—you don’t have any partners.
  • Unincorporated—you haven’t filed any legal forms to incorporate your business.
  • No legal distinction between the owner and the business—you are entitled to all the income, but also must pay the bills, including taxes.

To enter your business income and expenses:

  • Type Sch C in the search/find bar and click search/find.
  • Click on Jump to Sch C.
  • Click on start or Add Another Business.
  • TurboTax will ask you a series of questions to record your business income and expenses. See the screenshot below.
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