Schedule C, Profit or Loss from Business would be used to report all activities related to your nail salon. The link provided by ee-ea above shows you the steps of how to enter these expenses into TurboTax.
Any business income can be offset by any applicable expenses directly related to the business. Expenses would include items such as rent, supplies, equipment, utilities, as well as any other expenses incurred as part of running your business. Please see this link for additional details on what could be included in your self-employment business.
In addition to the link previously provided, you may be subject to self-employment taxes. Self-employment taxes are comprised of Social Security and Medicare taxes. These taxes are calculated based upon 92.35% of your overall net earnings from your business. TurboTax will calculate the total amount of any self-employment taxes that are due based upon your input for the business.
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