Carl
Level 15

Business & farm

When it comes to taxes, the only difference between a sole proprietorship, single member LLC and an independent contractor, is the spelling. Literally! All business income & expenses is reported on SCH C as a physical part of your personal 1040 tax return. It does not matter if you are filing a joint return either.

If using the online version of TurboTax, then you must use the Self-Employed flavor.

If using the CD/Desktop version of the program, then you can use Deluxe or higher.