If you are using the CD/downloaded version of TurboTax Premier, you do not need to upgrade your software, as mentioned by Hal_Al. The next higher version would be Home and Business. It would offer you more guidance along the way, but Premier has all the forms available that you will need.
You will enter your self-employed expenses as part of Schedule C Business Income and Expenses. You will first be asked to enter the details about your business. Then you can enter your expenses.
Go to the Schedule C by first going to the Federal Taxes tab, then Wages and Income, "I'll choose what I work on". Scroll to Business Items and click Start beside Business Income and Expenses (Sch C).
Or use these steps:
- On the top row of the TurboTax screen, click on Search
- This opens a box where you can type in “schedule c”
- The search results will give you an option to “Jump to schedule c”
- Click on the blue “Jump to schedule c” link
@dvn2
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