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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:
- Open or continue your return.
- Search for schedule c and click the Jump to link in the search results.
- 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.
- Follow the onscreen instructions.
May 8, 2021
4:26 PM