turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

jtj345
New Member

I have a 1099 how do I need to start my taxes? As my own buisness?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

I have a 1099 how do I need to start my taxes? As my own buisness?

Your total income can go under General Business Income.  You must file a Schedule C for any income that you've received from a job. 

Under Business Items, go to Business Income and Expenses to enter money received and money that went to conduct your business. 

If you just have income from your self-employment, then use Deluxe.  If you have expenses, then you're going to use Turbo Tax Self-Employed—it will walk you through updating within the program. 

That translates to a Schedule C being filed, and self-employment tax being figured on your gross income. 


View solution in original post

1 Reply

I have a 1099 how do I need to start my taxes? As my own buisness?

Your total income can go under General Business Income.  You must file a Schedule C for any income that you've received from a job. 

Under Business Items, go to Business Income and Expenses to enter money received and money that went to conduct your business. 

If you just have income from your self-employment, then use Deluxe.  If you have expenses, then you're going to use Turbo Tax Self-Employed—it will walk you through updating within the program. 

That translates to a Schedule C being filed, and self-employment tax being figured on your gross income. 


message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies