I need to enter my self employed income but where I should enter it, it says already entered in a schedule c. What does this mean and where do I find it?

missjparker11 — Sat, 08 Jun 2019 00:54:57 GMT

Where do I enter Schedule C? We'll automatically create a...

Critter — Sat, 08 Jun 2019 00:54:58 GMT

Where do I enter Schedule C?

We'll automatically create and fill out Schedule C or C-EZ when you set up your business in TurboTax, or when you enter what the IRS considers self-employment income (often reported on a 1099-MISC).

Schedules C and C-EZ are supported in TurboTax Self-Employed (online and mobile app) and in all personal 1040 versions of the TurboTax CD/Download software.

To set up your business:

1. Log in and then select the "Take me to my return" button.

2. Search for schedule c and select the "Jump to" link in the search results. (If you don't see the link, go back to the "Tax Home" screen and make sure you've selected "take me to my return.")

3. Answer Yes to Did you have any self-employment income or expenses? or Did you have any income and expenses for a business in 2017? and follow the onscreen instructions.

Or, if you need the Schedule C to report a 1099-MISC, search for 1099misc, then select the "Jump to" link. Answer Yes to Did you get a 1099-MISC? and follow the directions. We'll ask questions to find out if the income needs to go on Schedule C or C-EZ--if it does, we'll add the schedule to your return.

Note: On returns that only require Schedule C-EZ, we'll also generate Schedule C, but this is only used for calculation purposes and isn't filed with the return.

Related Information:

· Which TurboTax Online version do I need for a Schedule C?

· How does Schedule C-EZ differ from Schedule C?

· How do I delete a prior-year Schedule C business that transferred over?

· Why can't I create a Schedule C in TurboTax Business?

How do I report income from self-employment? If you received a 1099-MISC for your self-employed income

Type 1099-misc in the Search box and then select the Jump to link. This will take you directly to the section where you can enter your 1099-MISC. You’ll also be able to enter any cash, personal checks, credit card payments, or cryptocurrency (Form 1099-K) related to your self-employment.

If your self-employment income was only from cash, personal checks, credit card payments, or cryptocurrency

Type Schedule C in the Search box and then select the Jump to link. This will take you to where you can enter any cash, personal checks, credit card payments, or cryptocurrency (Form 1099-K) related to your self-employment. You may first be asked some general questions about your business. After you answer them, you’ll be taken to the Let's get income for (your line of work) screen where you can enter this income as Additional Income.

Related Information:

· What's the difference between self-employment income and other income?

· Where do I enter a 1099-MISC?

· Why am I paying self-employment tax?

· How is cryptocurrency like Bitcoin taxed?

How do I enter a 1099-K in TurboTax Online?

You’ll enter the income reported on your Form 1099-K as 'Additional income' along with any cash or checks you received as self-employment income.

Here's how to enter your 1099-K:

1. Open your return.
(To do this, log in to TurboTax and select the blue Take me to my return button.)

2. Do a search for "Schedule C" and then select "Jump to" link in the search results.

3. Next:

o If entering info about your business for the first time:
You'll be asked some general questions about your business. After you answer them, you’ll be taken to the Let's get income for (your type of business) screen where you can enter your 1099-K under Additional Income.

o If returning to this section:
Select Edit next to your business, answer any other screens, and you'll come to the Let's get income for (your type of business) screen, where you can enter your 1099-K under Additional income.

If you are entering income from a 1099-K, remember that it reports the gross amount of the transactions. It doesn't include any adjustments for credits, refunds, discounts, fees, etc. You’ll have a chance to enter any business expenses like fees and all other expenses in another part of your return.

Related Information:

· Where do I enter income and expenses from a rental property?

· Why is my Uber 1099-K different from what I actually got paid?

· What do I need from Uber to file my taxes?

topic I need to enter my self employed income but where I should enter it, it says already entered in a schedule c. What does this mean and where do I find it? in Business & farm

I need to enter my self employed income but where I should enter it, it says already entered in a schedule c. What does this mean and where do I find it?

Where do I enter Schedule C? We'll automatically create a...