If you want to enter his income on Schedule C, then follow these steps:
- Type "Schedule C" in the search field at the top right hand of the screen.
- Select "Jump To Schedule C" and you will be brought to the section of TurboTax where you can enter or have entered your business income and expense information.
Plan compensation for a self-employed individual
To calculate your plan compensation, you reduce your net earnings from self-employment by:
- the deductible portion of your SE tax from your Form 1040 return, page 1, and
- the amount of your own (not your employees’) retirement plan contribution from your Form 1040 return, page 1, on the line for self-employed SEP, SIMPLE, and qualified plans.
