In the Self-Employed
version of Turbo Tax
Click on the Federal Taxes tab
Click on Income
and Expenses
You may see a prompt for Self-Employment, but
if not
Click on Check
for More Income and See All Income
Scroll down to the Self-Employment section with
the blue person icon
Click on Show
More
And Start
or Edit.
There is a place to enter your 1099-K
The vehicle expenses have a series of
questions and you can choose to use either a cost per mile or use the actual
costs for the vehicle (including gas).
In the Home
and Business version of Turbo Tax
Click on the Business tab
Then Continue and I'll choose what to
work on
Update your Profit or Loss from a Business
Click on the Edit button for the name
of your business
Under Business Income, you can enter your
1099-K
Under Business Expenses, with the blue bar
graph icon,
click on Update or Start for
Business Vehicle Expense
click
here for more tax tips for drivers
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