- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
The easiest thing to do is start with TurboTax Home and Business download version or TurboTax Premium Online (download you can see forms as you go, online, you cannot) and then walk through and answer ALL of the questions.
You will be able to enter your W-2 income, and then go to the Self-Employment section where you will enter your income and expenses.
The transition does not make a big difference on HOW to do your taxes in the way that it is ALL still reported on one return using different forms. But, as you walk through and answer the questions, the forms will be generated.
Self-Employment tax is something you pay, not really a benefit. You do get a deduction from income for half of what you pay, but you are still paying 15.3% on your earnings from self-employment.
**Mark the post that answers your question by clicking on "Mark as Best Answer"