SharonD007
Employee Tax Expert

Self employed

You will have to report your income from Form 1099-NEC on Schedule C. The good news is that you can deduct ordinary expenses that you incurred by making this income (including business miles).  Follow the steps below to enter your income.

 

  1. Open TurboTax
  2. Select Wages & Income
  3. Select Business Income and Expenses (Schedule C)
  4. TurboTax will guide you through interview screens to help you enter your income and expenses.

For more information, refer to the TurboTax  article What is a 1099-NEC?

 

For additional information, review the TurboTax help articles:  What self-employed expenses can I deduct?  and How do I report income from self-employment?

 

You will ‌also be subject to self-employment taxes. Self-employment taxes and deductions are calculated on Schedule SE.  For additional information, please see the TurboTax article Self-Employed Federal Income Taxes.

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