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bb118904
New Member

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?
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1 Reply
JamesG1
Expert Alumni

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

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.
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