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Upgrade tax filing to report a 1099-MISC Form--why do I need to buy the upgrade and it is not provided?
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If your Form 1099-MISC shows an amount in Box 7 for nonemployee compensation and it’s because you did consulting work or other services for someone, you DO now "have a business" and you have to file Schedule C to report that 1099-MISC income. This is a requirement, not an option!
The good thing about filing Schedule C is the ability to apply any expenses you incurred while performing those services. Think about what you did: did you drive places during the course of the work you did? TurboTax Self-Employed is the version used to handle your Schedule C and expenses.
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