ColeenD3
Expert Alumni

Get your taxes done using TurboTax

Describe exactly what the income is for. Your line 8 income has nothing to do with his business income. You would not enter it directly on the line but as other income.

  • Wages & Income
  • I'll choose what I work on
  • Less Common Income select Start (or Update) for 
  • Miscellaneous Income.
  • Other reportable income and you can enter your own description(s) and amount(s).

 

Business income is entered on Schedule C and the profit or loss flows to Line 3 Business income or (loss) on Schedule 1. 

 

To set up your business:

  1. Open or continue your return.
  2. Search for schedule c and click the Jump to link in the search results.
  3. Answer Yes to Did you have any self-employment income or expenses?
    • If you've already entered self-employment work and need to enter more, select Add another line of work.
  4. Follow the onscreen instructions.