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Can I file for free if self employed?

 
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Accepted Solutions

Can I file for free if self employed?

Sorry no, the Free Edition is only to prepare a simple return.  

Simple tax situations covered in TurboTax Free Edition:
  • W-2 income
  • Limited interest and dividend income reported on a 1099-INT or 1099-DIV
  • Claiming the standard deduction
  • Earned Income Tax Credit (EIC)
  • Child tax credits
Situations not covered in TurboTax Free Edition include:
  • Itemized deductions
  • Business or 1099-MISC income
  • Stock sales
  • Rental property income
  • Credits, deductions and income reported on schedules 1-6, such as the Student Loan Interest Deduction

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You would have to use a paid version of TurboTax.  You most likely will need the Self Employed for Online or Home & Business for Desktop.  You can use the Online or Desktop version.  If you start in a lower version, the program would have you upgrade if it is necessary. See the following for Online products & Desktop

TurboTax 2018 Online Product Guide
https://ttlc.intuit.com/replies/3300068

-------------------------

2018 TurboTax CD/Download Product Guide

View solution in original post

2 Replies

Can I file for free if self employed?

Sorry no, the Free Edition is only to prepare a simple return.  

Simple tax situations covered in TurboTax Free Edition:
  • W-2 income
  • Limited interest and dividend income reported on a 1099-INT or 1099-DIV
  • Claiming the standard deduction
  • Earned Income Tax Credit (EIC)
  • Child tax credits
Situations not covered in TurboTax Free Edition include:
  • Itemized deductions
  • Business or 1099-MISC income
  • Stock sales
  • Rental property income
  • Credits, deductions and income reported on schedules 1-6, such as the Student Loan Interest Deduction

-------------------------------------------

You would have to use a paid version of TurboTax.  You most likely will need the Self Employed for Online or Home & Business for Desktop.  You can use the Online or Desktop version.  If you start in a lower version, the program would have you upgrade if it is necessary. See the following for Online products & Desktop

TurboTax 2018 Online Product Guide
https://ttlc.intuit.com/replies/3300068

-------------------------

2018 TurboTax CD/Download Product Guide

Can I file for free if self employed?

Added updated information above
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