HelenC12
Expert Alumni

Deductions & credits

If you run a small business as an independent contractor, freelancer, single-member LLC and you also have W-2 income, you'll need to use one of the following versions. 

If your self-employment income was only from cash, personal checks, credit card payments, or cryptocurrency:

  1. Open or continue your return in TurboTax
  2. Search for Schedule C and select the Jump to link at the top of the search results
  3. Answer Yes on the Did you have any self-employment income or expenses? screen
    • If you land on the Your 2021 self-employed work summary page, select Review next to the work you're adding income for
  4. Answer the questions on the following screens until you arrive at Let's enter the income for your work
  5. Select Other self-employed income and Continue
  6. On the next page you can enter any cash, personal checks, credit card payments, or cryptocurrency (Form 1099-K) related to your self-employment.

You're able to deduct qualified business expenses.

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