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Get your taxes done using TurboTax
You would report the self-employment on a schedule C and pay self-employment taxes to cover the Social Security and Medicare taxes. Vehicle expenses could be deducted from the income if you wish.
Here are instruction to enter the income on a Schedule C:
We'll automatically complete Schedule C when you set up your self-employment work in TurboTax.
In TurboTax Desktop
If your self-employment income was only from cash or personal checks
- Open your return and type Schedule C in the Search box. Select the Jump to link.
- This will take you to where you can enter any cash, personal checks under General Income
- Click Continue, Business Expenses could be entered under Business Vehicle Expenses
- Continue and select No for Is this Qualified Business Income?
Form SE will be generated from this business entry where the SS and Medicare taxes will be paid.
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ā€ˇFebruary 4, 2021
3:03 PM