- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
There is no difference. A contractor and a freelancer are both considered to be "self-employed".
Generally for non-employee compensation, the contractor/freelancer will receive a 1099-NEC (new form as of 2020). Both will file a Schedule C as part of their 1040 tax return.
The TurboTax products Self-Employed for Online and Home & Business for CD/download are best suited for this because they both let you list as many expenses as warranted.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 26, 2022
10:04 AM