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How do I input my self employed expenses if I am not self employed?

I have W-2s and 1099-NECs and wanted to input my expenses, but don't know how the right way.
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5 Replies

How do I input my self employed expenses if I am not self employed?

A 1099NEC is for self employment income.  Why did you get it?  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.  Or use any of the Desktop CD/Download programs.

 

How to enter self employment expenses

https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-my-self-employment-busine...

JotikaT2
Employee Tax Expert

How do I input my self employed expenses if I am not self employed?

It depends.

 

Did you have an employer during the year and received a W-2?

 

What was the 1099-NEC issued for?  Was it from your employer or did you work for someone else on the side who issued you a 1099-NEC form?

 

Form 1099-NEC is generally issued if you received more than $600 as payment for nonemployee compensation.  It would not be related to your work as an employee.

 

What is a Form 1099-NEC

 

If you did work on the side and received the 1099-NEC forms, you could be considered self-employed.  This would be the only way to deduct any expenses associated with that income.  One of the main factors used to determining whether an activity is a business or not would be the intent to make a profit.  If you operated to make a profit, your activity would be considered as being from self-employment.  Please see the link below for more clarification to assist you.

 

IRS guide

 

Please see the link below to help you determine if this was from a business.

 

Self employment income and expense guide

 

 

 

 

 

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How do I input my self employed expenses if I am not self employed?

Thanks. I had a W-2 job, and two contract jobs that I received a 1099-NEC from last year that paid me for my work. The only expenses I have is having to buy a cell phone to do my work for one job, and buying a laptop for another. I also paid for internet, a phone bill, and other supplies.

How do I input my self employed expenses if I am not self employed?

You can deduct supplies and part of your phone and interest bill; as for the cost of a phone and a laptop, those items have to be entered as business assets and deprecated. When you answer question about your business/self-employment income and expenses, TurboTax will help to navigate you to the right section where you can enter your assets. 

There is a short cut how to enter your self-employment income and expenses in TurboTax: 

  1. Type Schedule C in the search/find bar and click search/find.
  2. Click on Jump to Schedule C.
  3. Click on start/edit or Add Another Business.
  4. At the Your  Business screen: To enter your income, scroll down to Business Income.
  5. Click Start/Update. Click Start/Update next to General Income. 
  6. To enter your business expenses, scroll down to  Business Expenses, Other Common Business Expenses. Click Start/Edit. 
  7. Continue with the onscreen interview.

How do I input my self employed expenses if I am not self employed?

Thanks all, for your help.

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