turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Retail shop filing sched C -- did not pay myself a salary but need to enter annual sales (Gross Receipts or Sales) part 1.1 of form. How can I enter this in turbo tax?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
DS30
New Member

Retail shop filing sched C -- did not pay myself a salary but need to enter annual sales (Gross Receipts or Sales) part 1.1 of form. How can I enter this in turbo tax?

You will just go into the Schedule C related to your retail shop, select business income, then general income and put your sales amount here. The amount will show up on Schedule C Part 1, line 1a.

To enter Business income and expense information in TurboTax, log into your tax return (for TurboTax Online sign-in, click Here and click on "Take me to my return") type "Schedule c" in the search bar then select "jump to Schedule c". TurboTax will guide you in entering this information.


Retail shop filing sched C -- did not pay myself a salary but need to enter annual sales (Gross Receipts or Sales) part 1.1 of form. How can I enter this in turbo tax?

By the way, when you file as sole proprietor, Self Employed, etc. on schedule C you do not pay yourself.  The Net Profit or Loss on Schedule C is your personal income.

How to enter income from Self Employment
https://ttlc.intuit.com/replies/4801198

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question