Hello, does the 2024 Turbo Tax deluxe from Costco come with the Schedule C form so I can enter expenses to offset the income showing from the Form 1099-K I received and also take the home office deduction? I am a reseller of goods and keep the inventory in my home and 2024 was my first year doing this. I didn't know if I needed the home and business edition or if I can use the Deluxe? I'm not technically "self-employed" and also have a W2 for main job. This is just a side hustle.
Thanks so much!
JJ
Every version of the desktop download software has all the forms and all the schedules. You can use Deluxe to prepare a Schedule C. The more expensive "higher" versions will give you more help in the interview screens.
Thank you. Does the deluxe version also allow me to take the home office deduction?
Yes----home office goes on a Schedule C. Sounds like you need a little help with self-employment income. Here are a few FAQ's to help.
https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922
If you live in a state with a state income tax, you might need to make estimated payments to your state.
https://turbotax.intuit.com/tax-tips/small-business-taxes/the-home-office-deduction/L1RZyYxzv
https://turbotax.intuit.com/tax-tools/calculators/self-employed/