@JamesG1 wrote:
In TurboTax Desktop Premier, follow these steps:
- Select Federal Taxes across the top of the screen.
- Select Wages & Income across the top of the screen.
- Select I'll chose what I work on.
- Scroll down to Less Common Income.
- Select Start/Update to the right of Miscellaneous Income, 1099-A, 1099-C.
- Select Start/Update to the right of Other reportable income.
The income is reported on Schedule 1 line 8z.
The income is reported on IRS form 1040 line 8.
@sr3333
@JamesG1
when i do this do i pay Self employment Taxes? how are the taxes calculated?
