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See this TurboTax support FAQ for entering self-employment income - https://ttlc.intuit.com/turbotax-support/en-us/help-article/self-employment-taxes/report-income-self...
Your net self-employment income is reported on your tax return which is the difference between your total self-employment income and your total self-employment expenses. As a sole proprietor/independent contractor you do not take a draw from your net, the net income is your SE income.
Using the TurboTax online editions you will need to upgrade to the Premium edition to report your SE income and expenses.
Sch C, F, or E most likely. Depends on the business. And it's probably SE income.
Not intended to be legal or tax advice.
it depends. DoninGA has provided an excellent example on how to enter the information but here are precise steps that may clarify how to enter these.
You do not need to report owner draws because the IRS is only interested in your income for the year made from the venture.
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