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Level 2
posted Jul 23, 2023 8:37:23 AM

Can I enter self-employment expenses (a few hundred dollars so not very significant) if I am using Turbotax premier Online version?

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1 Best answer
Level 15
Jul 23, 2023 8:52:33 AM

No.   In order to prepare a Schedule C for business expenses you need online Self-Employed software or any  version of the CD/download.  If you need to enter business expenses you will have to upgrade to online Self-Employed.

8 Replies
Level 15
Jul 23, 2023 8:52:33 AM

No.   In order to prepare a Schedule C for business expenses you need online Self-Employed software or any  version of the CD/download.  If you need to enter business expenses you will have to upgrade to online Self-Employed.

Level 2
Jul 23, 2023 9:35:13 AM

Was afraid of that....and also there is no version if you have a Chromebook if I wanted a download version...thank you.  Probably $100 deductions on $900 income is a minuscule amount so not sure it is worth upgrading

Level 15
Jul 23, 2023 12:14:39 PM

A self-employed individual is required to report all income and deduct all expenses. Revenue Ruling 56-407, 1956-2 C.B. 564, deals with the issue of taxpayers not taking all allowable deductions in computing net earnings from self-employment for self-employment tax purposes. Rev. Rul. 56-407 held that under §1402(a), every taxpayer (with the exception of certain farm operators) must claim all allowable deductions in computing net earnings from self-employment for self-employment tax purposes.

Level 9
Jul 23, 2023 12:34:39 PM

If your AGI is $73,000 or less, use one of the IRS free file options.

Free File: Do your Federal Taxes for Free | Internal Revenue Service (irs.gov)

Level 2
Jul 24, 2023 9:31:26 AM

Thank you for the reply.  Not being dense on purpose, so TurboTax Premier (download version) will be ok?  My wife gets 1099s for her job as a fitness instructor at a few local gyms.  I am looking to enter mileage to and from, equipment (shoes, apparel), music subscriptions (for music used in the classes that she pays for), maybe partial internet/phone used for scheduling and class preparation (music downloading, etc...)

Level 15
Jul 24, 2023 9:37:35 AM

Yes any Desktop/download version (even Deluxe).  All the Desktop programs have the same forms.

 

To switch to Desktop.....

You can download the .tax2022 data file without paying for Online and continue in the desktop version. First download the .tax2022 file from Online. How to Save the tax file
https://ttlc.intuit.com/community/saving/help/how-do-i-save-my-turbotax-online-return-as-a-tax-data-file/00/25740


How to switch to the Desktop program
https://ttlc.intuit.com/community/choosing-a-product/help/how-do-i-switch-from-turbotax-online-to-the-turbotax-software/00/26129


After you get the program reinstalled the first thing to do before you open your tax return is to update the program and install any state programs you had. Then open your file. So you first might need to start a fake return to be able to download the state program (go to FILE - NEW). Enter some basic information, then go to the state tab and download the state program. Then try to open your existing return, go to FILE - OPEN

 

You can buy the Desktop program at stores or directly here,

https://turbotax.intuit.com/personal-taxes/cd-download/  

Level 15
Jul 24, 2023 9:39:24 AM

Oh but you said you have a Chromebook?  Can't install the Desktop program on that.  Do you have access to a full Windows or Mac computer?

 

Window System Requirements
https://ttlc.intuit.com/community/system-requirements/help/minimum-system-requirements-for-turbotax-windows-software/00/26175


Mac System Requirements
https://ttlc.intuit.com/community/system-requirements/help/minimum-system-requirements-for-turbotax-mac-software/00/25609

 

Level 2
Jul 24, 2023 10:11:58 AM

Yes, I can get access to a Windows laptop or Mac - thank you!