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Deductions & credits
If I'm not mistaken, it doesn't sound like you're clearing timber. It sounds like a simple retail process. You will need TurboTax Self-Employed.
Go to the Self-Employed section of your return.
Create a business profile (Follow the Interview)
- Select Business Income
- General income
- Post Cash Receipts and the cash amount
You can now enter Expenses
Things to consider.
- Use of your vehicle
- Gas for chain saws
- Tools
- Other equipment
- Any licenses or related taxes that were paid
- Insurance.
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‎February 21, 2021
9:32 AM
1,904 Views