If you run a small business as an independent contractor, freelancer, single-member LLC and you also have W-2 income, you'll need to use one of the following versions.
If your self-employment income was only from cash, personal checks, credit card payments, or cryptocurrency:
- Open or continue your return in TurboTax
- Search for Schedule C and select the Jump to link at the top of the search results
- Answer Yes on the Did you have any self-employment income or expenses? screen
- If you land on the Your 2021 self-employed work summary page, select Review next to the work you're adding income for
- Answer the questions on the following screens until you arrive at Let's enter the income for your work
- Select Other self-employed income and Continue
- On the next page you can enter any cash, personal checks, credit card payments, or cryptocurrency (Form 1099-K) related to your self-employment.
You're able to deduct qualified business expenses.
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