Self Employed Group | Intuit TurboTax Community

Self employed

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1099-NEC delayed payment

If I ask a company I contract with to delay compensation for work done in late 2024 to be issued in 2025, will my 1099-NEC be for 2025 or 2024? Thank you.

Does Turbotax let you know what your Net Profit is?

I am looking to determine how much I can contribute to a Solo 401K, and I need to know my Net Profit. I am using Quicken Home and Business which gives me my Net Income, however I assume the IRS is going to use what I submit on my tax form as the allo... read more

Can I expense my own wedding as part of marketing material for my wedding planning business?

Hi All, My fiance started her own wedding planning business in 2024. It also happens that we also are going to be married in 2025, but have incurred a lot of our own wedding expenses in 2024. These expenses relate to photography, deposits for the cat... read more

Didn't Make Any Quarterly Payments

Hello. So I just recently found out I am required (as someone who is self-employed) to make estimated quarterly tax payments. I haven't made any for last year or this year. I haven't received any penalty for last year and haven't received any penalty... read more

How to remove income entry on TurboTax Desktop

I put an amount under "Other Earned Income" but later realized that this amount should go under business income. I cannot find a way to remove the entry. If I click on "update", it just asks me the series of questions again but does not give me the o... read more

W2

I created W2s yesterday. I am trying to e-file and print them today and cannot access them.

I am an Uber Eats driver

I see this question posted previously

I started my own business last year but did not make revenue. Can I submit expenses for the sole proprietorship on my personal taxes?

Do I issue Myself a 1099 as Sole Member of my LLC or Add Checks Deposited into Biz Chk Acct?

I'm a newly formed RE Brokerage (sole member LLC, Taxed as an S-Corp) -Was I supposed to issue myself a 1099 for all income deposited into my LLC's biz checking acct in Jan? If not, how do I enter/attest to 'Business Income' for the Corporate Busines... read more

Uneven income

IRS charges a fine if you do not make equal quarterly self-employment tax payments. My income is not evenly distributed over the year so I make uneven payments. 1. Will T.Tax software let me produce Form 2210 where I can mark the choice, in Part 2, C... read more

IRA options for self employed : Solo 401k vs SEP IRA

I need advice on tax structure that would allow me to contribute to pre tax IRA account. I have 2 sources of income. 1) Capital Gains from real estate and trading2) Consulting Business where I'm the sole proprietor and don't expect to have any other ... read more

Business income vs Hobby income vs Misc/other income. Also Amazon Vine Program.

Is there a "benefit" to counting something as Hobby or misc/other income vs business income? Or are these simply different categories to list different sources of income?From what I understand, any income that you make needs to be reported to the IRS... read more

Can I deduct health insurance premium on Schedule C if I am self-employed and get health insurance through my spouse's company?

I am self-employed, and my spouse is a full time W-2 worker.Both my son and I are enrolled in my spouse’s company health insurance. We still pay $900 after tax every month for the premium. Here is the research I did:“If you have access to participate... read more