MayaD
Expert Alumni

Get your taxes done using TurboTax

You need to choose the accounting method under Self employment . The most common method is the Cash Method- reporting income in the year actually received it and reporting expenses in the year actually paid.

To choose the accounting method;

  1. Log in to your account.
  2. Go to Federal Taxes.
  3. Go to Wages and Income.
  4. Go to Self employment Income and Expenses and click review.
  5. Click Edit next to your line of work .
  6. Select Edit next to the General Info
  7. Scroll down to Tax Detail and click Edit under Accounting Method.
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