turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Can i itemize deductions with my 1099 if i also have a W2?

This is my first year that I was given a 1099. I have a W2 as a teacher so I just take the standard deduction- but now I also have a 1099 and quite a few deductions that come with those 1099 2 consulting paychecks. HELP! Can i do all this on the delux version of turbo tax ?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Can i itemize deductions with my 1099 if i also have a W2?

I presume you received a 1099-MISC for your non-W-2 income.  You must report your W-2 income plus your 1099-Misc income.  1099-MISC income is reported as Self Employed Income on Schedule C, which also allows you to deduct business related expenses.  All of this is explained a bit more at
https://turbotax.intuit.com/tax-tools/tax-tips/General-Tax-Tips/How-to-File-Taxes-with-IRS-Form-1099...

I use Turbotax Deluxe, and it allows entry of basic info for 1099-MISC and Schedule C business expenses, and self-employment taxes.  It worked fine for several 1099-MISCs and basic expenses. 

As I understand it, Turbotax Self Employed package is more high powered and for the people who regularly run their own business.  I have never used this software package.

You may be able to find more info or start a trial use of the Deluxe package at the Turbotax sales site or https://turbotax.intuit.com/personal-taxes/online/?srqs=null&cid=ppc_gg_b_stan_all_na_TurboTax_ty16-...

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question