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Get your taxes done using TurboTax
The IRS has reintroduced Form 1099-NEC as the new way to report self-employment income instead of Form 1099-MISC as traditionally had been used.
To claim your Business expenses, you need to upgrade to Turbo Tax Self-Employed (Online) or TurboTax Home & Business (desktop).
To report the income on your return:
- Log in to your account.
- Select Federal from the left menu.
- Go to Wages and Income then select Income and Expenses.
- Go to Self-employment income and expenses and click start. you'll be asked some general questions about your business. After you answer them, you’ll be taken to enter your Income and Expenses.
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February 4, 2022
6:51 AM