topic Do I input total earnings or net sales for Income if i have a small boutique business in Business & farm

Do I input total earnings or net sales for Income if i have a small boutique business

abigailv1999 — Mon, 09 Mar 2026 04:14:32 GMT

Re: Do I input total earnings or net sales for Income if i have a small boutique business

VolvoGirl — Tue, 01 Feb 2022 03:24:43 GMT

Schedule C income is the Gross Income before expenses. Then you enter your expenses and Turbo Tax will calculate the Net Profit or Loss on Schedule C. So enter the full gross amount.

Re: Do I input total earnings or net sales for Income if i have a small boutique business

DawnC — Tue, 01 Feb 2022 03:35:14 GMT

Your total sales would be your self-employment income. Then you will enter your expenses in the expenses section. TurboTax will calculate your net profit (or loss) and apply the related self-employment taxes on that amount.

How do I report income from self-employment?

Tax Guide for the Self-Employed: Everything You Need to Know

Re: Do I input total earnings or net sales for Income if i have a small boutique business

abigailv1999 — Sat, 05 Feb 2022 06:00:13 GMT

Thank you 🙂