topic Self employed filing taxes in Get your taxes done using TurboTax

Self employed filing taxes

linsey-harper — Thu, 06 Jun 2019 14:56:02 GMT

If I made under $10,000 through paypal in 2016, do I need to report it?

You must report every $1 that you make as a self employed...

Critter — Thu, 06 Jun 2019 14:56:04 GMT

You must report every $1 that you make as a self employed individual. Failure to do so will get you a nasty letter from the IRS in a year or so.

where do i find the schedule c if I dont have a 1099

linsey-harper — Thu, 06 Jun 2019 14:56:05 GMT

where do i find the schedule c if I dont have a 1099

Didn't Paypal send you a 1099-K?

SweetieJean — Thu, 06 Jun 2019 14:56:07 GMT

Didn't Paypal send you a 1099-K?

Yes. If you made at least $400 in self-employment income...

xmasbaby0 — Thu, 06 Jun 2019 14:56:08 GMT

Yes. If you made at least $400 in self-employment income it has to be reported on a tax return.

If i dont have a 1099 where can i find a schedule c

linsey-harper — Thu, 06 Jun 2019 14:56:10 GMT

If i dont have a 1099 where can i find a schedule c

To get to Schedule C in TurboTax : 1. Go to "Business" a...

Critter — Thu, 06 Jun 2019 14:56:11 GMT

To get to Schedule C in TurboTax :

1. Go to "Business" at the top of the screen

2. Select "Continue" then "I'll choose what I work on"

3. Select "Start" next to "Business Income and Expenses"

4. Proceed to enter your business information and answer the interview questions

5. When you get to the "Your Business" page: Business Profile, Business Income and Expenses, Inventory/Cost of Goods Sold etc., this is Schedule C

In the income section skip the 1099-misc entry screen and enter all your income in the General income screen ...

im not seeing business at the top of my screen

linsey-harper — Thu, 06 Jun 2019 14:56:13 GMT

im not seeing business at the top of my screen

Crud ... you have the other program ... wish they would h...

Critter — Thu, 06 Jun 2019 14:56:15 GMT

Crud ... you have the other program ... wish they would have left things alone.

Ok ... FEDERAL taxes ... SELF EMPLOYMENT ... follow the interview screens.

And it is called ADDITIONAL INCOME instead of General In...

Critter — Thu, 06 Jun 2019 14:56:16 GMT

And it is called ADDITIONAL INCOME instead of General Income.