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Self employed
Yes, as VolvoGirl posted, you are required to file a federal return if your net income from self-employment is $400 or more and you are required to file a KY return for any amount of self-employment.
To enter your Self-Employed income in TurboTax Online you can follow these steps:
- Open or continue your return in TurboTax
- Search for self employed income (use this exact phrase, don't add a hyphen) and select the Jump to link at the top of the search results
- Answer Yes on the Did you have any self-employment income or expenses? screen
- If you land on the Your 2022 self-employed work summary page, select Review next to the work you're adding income for
- Answer the questions on the following screens until you arrive at Let's enter the income for your work
- Select the form that applies to your situation and Continue
- You can enter the info from your 1099 form on the following screens
See Do I need to file a Return for more information regarding KY filing requirements. Also, see What self-employed expenses can I deduct? to help reduce your taxable income.
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‎February 24, 2023
11:23 AM