If you are using TurboTax Online, self-employed income is reported on Schedule C Profit or Loss
from Business.
If your self-employment income was only
from cash, personal checks, credit card payments,
or cryptocurrency:
- Type Schedule C in the Search box
and then select the Jump to link.
This will take you to where you can enter any cash, personal checks, credit
card payments, or cryptocurrency (Form 1099-K) related to your
self-employment.
-
Note: If
the "Jump to" doesn't work for you, on the left menu, select Federal. At
the top of the screen, select the Wages & Income tab.
Scroll down to Self-Employment , Income and Expenses,
select Start.
- You may
first be asked some general questions about your business.
- After you
answer them, you’ll be taken to the Let's
enter the income for (your line of work) screen where you can
enter this income as Other
self-employed Income.
If
you received a 1099-MISC for your self-employed income:
- Type 1099-misc in the Search box
and then select the Jump to link.
This will take you directly to the section where you can enter your
1099-MISC.
- You’ll also
be able to enter any cash, personal checks, credit card payments, or
cryptocurrency (Form 1099-K) related to your self-employment.
If you are using TurboTax CD/Download and your self-employment income was only
from cash, personal checks, credit card payments,
or cryptocurrency:
- Type Schedule C in the find box and
then select the Jump to link.
This will take you to where you can enter any cash, personal checks, credit
card payments, or cryptocurrency (Form 1099-K) related to your
self-employment.
-
Note: If
the "Jump to" doesn't work for you, select the Federal
Taxes tab at the top of the screen, underneath the tab,
select Wages & Income. Select I'll choose what I work
on. Scroll down to Business Items, Business Income and Expenses
(Sch C) , select Start.
- You may
first be asked some general questions about your business.
- After you
answer them, you’ll be taken to the Let's
enter the income for (your line of work) screen where you can
enter this income as Other
self-employed Income.
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