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You will enter your income from your business as an independent contractor on Schedule C of your tax return.
To enter this information in TurboTax, type "Schedule C' in the search field at the right-hand top of the screen. Then select the “Jump to Schedule C” link. You may first be asked some general questions about your business. After you answer them, you’ll be taken to the Let's get income for (your line of work) screen where you should select the Additional Income and other income option. This will bring you to a screen where you can enter the type of income as cash and then the total dollar amount of your income. A sample of this screen is attached.
You also will be led through screens where you can enter your business expenses.
You will enter your income from your business as an independent contractor on Schedule C of your tax return.
To enter this information in TurboTax, type "Schedule C' in the search field at the right-hand top of the screen. Then select the “Jump to Schedule C” link. You may first be asked some general questions about your business. After you answer them, you’ll be taken to the Let's get income for (your line of work) screen where you should select the Additional Income and other income option. This will bring you to a screen where you can enter the type of income as cash and then the total dollar amount of your income. A sample of this screen is attached.
You also will be led through screens where you can enter your business expenses.
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