topic Re: Self employed in Get your taxes done using TurboTax

Self employed

dove1010 — Tue, 24 Dec 2019 11:18:24 GMT

I'm filing both W2 and self-employed. I made less than $3000 self-employed and NO EXPENSES. Will I still need to use TurboTax self-employed when I do my taxes? Like I said I have no expenses with my self employment.

Re: Self employed

DoninGA — Tue, 24 Dec 2019 12:46:36 GMT

With no self-employed expenses you can use the TurboTax online Deluxe edition to report both your self-employment income and income from your W-2.

Re: Self employed

joe85 — Mon, 30 Dec 2019 18:40:10 GMT

Hi, same question, but regarding the home version of Turbo Tax, would Premier work if no expenses for the self employed part in addition to the W2 part? Thanks for your time, Joe

Re: Self employed

VolvoGirl — Mon, 30 Dec 2019 18:44:33 GMT

What is the home version? The Desktop CD/Download program? You can use any Desktop version. All the Desktop programs have the same forms. You just get more help and guidance in the higher versions.

Re: Self employed

joe85 — Mon, 30 Dec 2019 18:46:45 GMT

Perfect, Thank you!

Re: Self employed

Vanessa A — Mon, 30 Dec 2019 18:47:12 GMT

Yes, if you have no expenses, the desktop version of TurboTax Premier will handle the business income. All forms are included in all the desktop versions. You simply do not get the interview guidance when entering certain business items.

Re: Self employed

joe85 — Mon, 30 Dec 2019 18:48:14 GMT

Thank you!

Re: Self employed

rogo2020 — Sat, 18 Jan 2020 04:54:47 GMT

Hi, I'm wondering if anyone can help me with this but I'm trying to figure out where on form 1040 or Schedule C I find Credits for line 7 for form 1040ES. Would these be on line 18 (Payments) from form 1040?

Re: Self employed

DoninGA — Sat, 18 Jan 2020 13:42:24 GMT

@rogo2020 wrote:

Hi, I'm wondering if anyone can help me with this but I'm trying to figure out where on form 1040 or Schedule C I find Credits for line 7 for form 1040ES. Would these be on line 18 (Payments) from form 1040?

Federal estimated taxes paid are entered on Form 1040 Schedule 3 Line 8. The totals for Schedule 3 flow to Form 1040 Line 18d