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ugalde78
New Member

How to change TurboTax from the self employed file. I'm no longer self employed Quit being self employed in 2020 after being involved in a motorcycle accident

How to remove self employed status. Stopped being self employed because of a motorcycle accident in 2020 conducting a funeral escort.
2 Replies
macuser_22
Level 15

How to change TurboTax from the self employed file. I'm no longer self employed Quit being self employed in 2020 after being involved in a motorcycle accident

Just start over and choose a lower version with a new account.   You will not be able to transfer last years data if it contains self-employed information which requires the self-employed version to transfer to.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
Carl
Level 15

How to change TurboTax from the self employed file. I'm no longer self employed Quit being self employed in 2020 after being involved in a motorcycle accident

If you were self-employed on Jan 1 2020 and did not close your business on the 2019 tax return, then you may still require the SE version for your 2020 taxes in order to report to the IRS that your business is closed. Especially if your business had assets, inventory, and/or business vehicle use.

 

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