Self Employed Travel and Event Planner booked travel, led tours, hosted events, catered events. Formed LLC January 2025. Can I file a Schedule C for all the qualifying business deductions on my 2024 taxes?
Yes, you can. You are considered self-employed and will complete Schedule C which is how you report your self-employment income. The good news is that you can deduct ordinary expenses that you incurred making this income. Follow the steps below to enter your income.
For additional information, review the TurboTax help articles: What self-employed expenses can I deduct? and How do I report income from self-employment?
You will also be subject to self-employment taxes. Self-employment taxes and deduction are calculated on Schedule SE. For additional information, please see the TurboTax article Self-Employed Federal Income Taxes.