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June 1, 2019
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Can I file for free if self employed?

  • June 1, 2019
  • 1 reply
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    Best answer by bluedeb

    Sorry no, the Free Edition is only to prepare a simple return.  

    Simple tax situations covered in TurboTax Free Edition:
    • W-2 income
    • Limited interest and dividend income reported on a 1099-INT or 1099-DIV
    • Claiming the standard deduction
    • Earned Income Tax Credit (EIC)
    • Child tax credits
    Situations not covered in TurboTax Free Edition include:
    • Itemized deductions
    • Business or 1099-MISC income
    • Stock sales
    • Rental property income
    • Credits, deductions and income reported on schedules 1-6, such as the Student Loan Interest Deduction

    -------------------------------------------

    You would have to use a paid version of TurboTax.  You most likely will need the Self Employed for Online or Home & Business for Desktop.  You can use the Online or Desktop version.  If you start in a lower version, the program would have you upgrade if it is necessary. See the following for Online products & Desktop

    TurboTax 2018 Online Product Guide
    https://ttlc.intuit.com/replies/3300068

    -------------------------

    2018 TurboTax CD/Download Product Guide

    1 reply

    bluedeb
    Alumni - Champ
    bluedebAlumni - ChampAnswer
    Alumni - Champ
    June 1, 2019

    Sorry no, the Free Edition is only to prepare a simple return.  

    Simple tax situations covered in TurboTax Free Edition:
    • W-2 income
    • Limited interest and dividend income reported on a 1099-INT or 1099-DIV
    • Claiming the standard deduction
    • Earned Income Tax Credit (EIC)
    • Child tax credits
    Situations not covered in TurboTax Free Edition include:
    • Itemized deductions
    • Business or 1099-MISC income
    • Stock sales
    • Rental property income
    • Credits, deductions and income reported on schedules 1-6, such as the Student Loan Interest Deduction

    -------------------------------------------

    You would have to use a paid version of TurboTax.  You most likely will need the Self Employed for Online or Home & Business for Desktop.  You can use the Online or Desktop version.  If you start in a lower version, the program would have you upgrade if it is necessary. See the following for Online products & Desktop

    TurboTax 2018 Online Product Guide
    https://ttlc.intuit.com/replies/3300068

    -------------------------

    2018 TurboTax CD/Download Product Guide
    bluedeb
    Alumni - Champ
    Alumni - Champ
    June 1, 2019
    Added updated information above