topic Retail shop filing sched C -- did not pay myself a salary but need to enter annual sales (Gross Receipts or Sales) part 1.1 of form. How can I enter this in turbo tax? in State tax filing

Retail shop filing sched C -- did not pay myself a salary but need to enter annual sales (Gross Receipts or Sales) part 1.1 of form. How can I enter this in turbo tax?

gillardjdvike — Thu, 06 Jun 2019 14:17:44 GMT

You will just go into the Schedule C related to your reta...

DS30 — Thu, 06 Jun 2019 14:17:45 GMT

You will just go into the Schedule C related to your retail shop, select business income, then general income and put your sales amount here. The amount will show up on Schedule C Part 1, line 1a.

To enter Business income and expense information in TurboTax, log into your tax return (for TurboTax Online sign-in, click Here and click on "Take me to my return") type "Schedule c" in the search bar then select "jump to Schedule c". TurboTax will guide you in entering this information.

By the way, when you file as sole proprietor, Self Employ...

VolvoGirl — Thu, 06 Jun 2019 14:17:47 GMT

By the way, when you file as sole proprietor, Self Employed, etc. on schedule C you do not pay yourself. The Net Profit or Loss on Schedule C is your personal income.

How to enter income from Self Employment
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