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Do I need to upgrade to turbo tax premium in order to deduct expenses on a 1099?

The two buttons I see are I don't have expenses, and upgrade to premium..
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2 Replies

Do I need to upgrade to turbo tax premium in order to deduct expenses on a 1099?

If you have self-employment income reported on a 1099NEC then you need to use online Self-Employed or any version of the CD/download so that you can prepare a Schedule C for your business expenses.

 

https://ttlc.intuit.com/questions/2926899-how-does-my-side-job-affect-my-taxes

 

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/...

 

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

 

https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax

https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c

 

 

https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct

 

 

https://ttlc.intuit.com/questions/1901110-do-i-need-to-make-estimated-tax-payments-to-the-irs

 

 

https://turbotax.intuit.com/tax-tools/calculators/self-employed/

 

 

 

Or—-Use this IRS site for other ways to file for free.  There are 8  free software versions available from the IRS Free File site

 

https://apps.irs.gov/app/freeFile/

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Do I need to upgrade to turbo tax premium in order to deduct expenses on a 1099?

Yes. You can only enter 1099NEC or self employment income in Online Premier or Deluxe.  To enter expenses you need the new Premium version or the self employed version (or any of the CD/Download Desktop programs). 

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