Self Employed Group | Intuit TurboTax Community

Self employed

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

New Vehicle Overseas Office

I purchased a new vehicle for my sales team at our overseas branch office. Our company headquarters is based in the U.S. Am I eligible to claim the one-time Section 179 depreciation deduction for this vehicle?

Where do I find the Principal business code for 1099 NEC?

NYS/NYC Unincorporated Business Tax Return

I live in NJ but have a Single member LLC that conducts all business in NYC. Gross sales are less than 95,000 annually. Do I need to file any type of NYS/NYC Unincorporated Business Tax Returns?

what forms do i need to do self employment taxes uber/lyft

i know uber/lyft sends 1099K / NEC and a summary but google is telling me i need like 10 different forms several 1040s and the 1099s and it's extremely confusing.

How can I file taxes for a new sole proprietor business (DBA) with $0-$15 initial revenue for free?

Self Employed

I am a teacher, always paid monthly and receive a W2 at the end of the year. I want to claim my profession as Self-Employed. I can come and go as I please and work for different school districts, can I file as self-employed and take the deductions th... read more

Sharing TT Self-Employed Online Edition for 2024 tax returns (Canada)

I purchased the Self-Employed Online edition which includes 12 returns. I need to share this with family members living within my household. I gave them the activation code but it doesn't work for them. How can they use the additional returns I have ... read more

I am currently employed and I have started an LLC in December but haven't really started to make money, do I still put self employed

Auto Depreciation of one vehicle on two schedule Cs

Can you explain how to handle Auto Depreciation of one vehicle on two separate schedule Cs when one of the businesses has been using the vehicle (and depreciating it) for a number of years, and then I started a second company (running both businesses... read more

What all am I able to deduct on taxes with form 1099 NEC if I am not a business, but an individual who did reviews for amazon?

I am part of a review program for amazon. We get items in exchange for review, but those items come with a price tag that we get at the end of the year via a 1099 NEC. Am I able to deduct anything? Like a phone bill, or internet, electricity.. etc?

I received a letter for eic and self employment I need help

I am unable to proceed with filing my taxes. I have a 1099-Misc income form. TurboTax requires me to select Schedule C or Schedule E. Not accepting the response.

My 1099_Misc form does not mention Schedule C or E. An internet search is saying E, but TurboTax seems to be indicating it is Schedule C. Either way I am stuck.

Do I have to pay SE tax for 2023 contest winnings included on 1099-NEC ("Misc")? The IRS is asking for clarification on this $5,818. $5k won in a drawing, $818 bonus.

Are 2023 contest winnings reported on a 1099-NEC Labled "Misc" subject to SE tax?

Insurance agent won an insurance co. contest drawing for $5K and reported on a 1099-NEC as "Misc", do I owe SE tax? IRS inquiring about the $5K.

The 1099 total is $5,818. $5K was won in a drawing. The $818 was paid as incentive for policies sold. None of the $5,818 is commissions. It is extra contest winnings.