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Business & farm
If you're referring to Schedule C:
- Line 11: Contract Labor
- Line 14: Employee benefit programs (other than line 19)
- Line 16: Interest
then, in TurboTax Online, you'll be looking for Credit card, loan, and other interest (or, possibly, Mortgage interest); most likely Health insurance premiums; and Contract labor.
To enter these expenses in TurboTax Online:
- If you don’t see 2022 TAXES in the left pane, select the dropdown to the right of Income & Expenses on the Hi, let’s keep working on your taxes! page and then select Let’s get started, Pick up where you left off, or Review/Edit.
- Otherwise, in the left pane, select Wages & Income
- Scroll down and select Edit/Add or Review to the right of Self-employment income and expenses
- Select Edit either below or to the right of your self-employment item
- On the Here's your [business] info page, scroll down and select Add expenses for this work
- You'll come to a screen called First, select the expenses you know [you] had. Categories are recommended based on your previous input, so they might not be listed. If not, select the dropdown to the right of Less Common
- Options will appear five at a time. Look for Credit card, loan, and other interest (or, possibly, Mortgage interest); probably Health insurance premiums; and Contract labor
- If you don't see them on the first series, use the > link to move forward
See the IRS' Instructions for Schedule C for more information.
April 14, 2023
12:25 PM