IF3
Level 1

Get your taxes done using TurboTax

Hi @JulieS,

 

Thank you for your response.

 

I tried to use the "Schedule C" as well, but got confused.

Can you please help to understand the below? This is only related to "usertesting.com".

 

1. "Describe Your Business" => should I say "Freelancer"?

2.  "Tell Us About Your Business" => Should I choose the below or just skip them?

      2.1. "I use my name as the name of my business" 

      2.2. "My business address is the same as my home address"

3. "Enter Business Information":

      3.1. Should I name the business as "usertesting.com" or what do you think?

      3.2. What address should I use? "usertesting.com" HQ address?

4. "Do you have an Employer ID Number (EIN)" => I chose "NO".

5. "Which Accounting Method?" => I received to my Paypal account - what should I choose? Cash, Accrual or Other Method?

6. "Business Code" => I typed "999999".

7. "Did you play an Active Role in This Business?" => I chose "Yes" since it comes under " Perform all the work, even if you work fewer than 100 hours". Correct?

8. "Enter Business Income That's Not on a 1099-NEC or a 1099-MISC" - I typed the amount received from usertesting.com in the "Income and Sales" box only.

9. "Is this Qualified Business Income" => I chose "Yes". Correct?

 

Thanks!