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kennihana
New Member

Does anyone know the best way to track mileage and expenses (1099), starting in 2020, that will sync easily with TurboTax?

 
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ColeenD3
Expert Alumni

Does anyone know the best way to track mileage and expenses (1099), starting in 2020, that will sync easily with TurboTax?

The IRS suggests a log. You will still have to manually include the total miles driven as opposed to business miles.

 

For example, you could start with your odometer reading of 10,000 miles on January 1st. Every time you have business miles, jot the number down along with the date and purpose. Total them at the end and compare once you also have the ending odometer reading for the year.

Does anyone know the best way to track mileage and expenses (1099), starting in 2020, that will sync easily with TurboTax?

You can use a program like Quicken or QuickBooks to track your income and expenses.  There is a QuickBooks Self Employment bundle you can check out which includes one Turbo Tax Online Self Employed  return....

http://quickbooks.intuit.com/self-employed

 

And Here is some IRS reading material……

 

IRS information on Self Employment

http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employed-Individuals-Tax-Center

 

Pulication 334, Tax Guide for Small Business

http://www.irs.gov/pub/irs-pdf/p334.pdf

 

Publication 535 Business Expenses

http://www.irs.gov/pub/irs-pdf/p535.pdf

 

You can enter 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 self employment income

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

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