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New Member
posted Mar 18, 2025 2:10:35 PM

My only income for 2024 was $1,200 for consulting, minimal expenses. To reflect this in Basic Turbo Tax worksheet?

How to show this in the Basic Turbotax software forms?

0 1 1299
1 Replies
Expert Alumni
Mar 18, 2025 2:43:43 PM

Self-employment income is reported on Schedule C Profit or Loss from Business.

 

To report expenses under Self-employment income, follow these directions.

 

  • Down the left side of the screen, click Federal.
  • Down the left side of the screen, click Wages & Income.
  • Click on the drop down arrow to the right of Self-employment.
  • Click to the right of Self-employment income and expenses.
  • At the screen Tell us the type of self-employment work you do, enter the answer and click Continue.
  • Establish the self-employment activity and report the income and expense.