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sueforsue
Returning Member

2019 Confusing! Are my deductions entered on self employed sched. C as last year, when I took standard deduct. on Federal & entered deductions on schedule C?

Must I UPGRADE for Schedule C?
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2019 Confusing! Are my deductions entered on self employed sched. C as last year, when I took standard deduct. on Federal & entered deductions on schedule C?

Looks like you are posting from the Self Employed version which is the highest version and has Schedule C.  

 

You can enter Schedule C Self Employment Income into Online Deluxe or Premier but if you have any expenses you will have to upgrade to the Self Employed version.

 

How to enter income from Self Employment

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/...

 

And Don't confuse itemized deductions on schedule A with your business expenses/deductions on schedule C. They are separate. For Schedule A personal deductions, you get to take your itemized deductions or the standard deduction, whichever is larger.  Itemized deductions are things like Medical, Gifts to Charity, State Income Taxes Paid, Mortgage Interest, Property Taxes, Car Registration fees, etc.

 

You get to take both,  your business expenses AND the Standard Deduction (or your personal Itemized Deductions).  And you have to enter your business expenses.  Be aware, if you have self employment income you can get in trouble for not reporting all your expenses to qualify for the EIC.

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