No, he can just file it with the tax return. The program will calculate the tax.
We'll automatically complete Schedule C for you when you set up your self-employment work or income in TurboTax, which is usually reported on Form 1099-NEC or 1099-MISC. It gets attached to your Form 1040 which we'll also handle for you.
To set up your business:
- Open or continue your return.
- Search for schedule c and click the Jump to link in the search results.
- Answer Yes to Did you have any self-employment income or expenses?
- If you've already entered self-employment work and need to enter more, select Add another line of work.
- Follow the onscreen instructions.
