If you are a single member LLC, you could use TurboTax Home and Business Desktop or TurboTax Premium Online to file your taxes. Your taxes will include a Schedule C along with your other schedules and be attached to your form 1040. The Schedule C will include and report the income and expenses that you had for your business throughout 2025. After you are done with the Business Section, you will go to the personal income section and enter your W-2 like you would have done in previous years.
To enter your self-employment income and expenses after you download or log into TurboTax select the following:
- Federal
- Income and Expenses
- Show More next to Self-Employment
- Start next to Self-Employment
- Yes, to you have any self-employment income or expenses
- Enter the type of self-employment work you do and you can select that you use your name for your business
- Click through a few more screens and you will get to a screen that says "Your XX info"
- Click Looks good
- Then you will come to a screen that says Let's enter the income for your business. It will give you the option of 1099-NEC or Other self-employed income including the 1099K , cash and checks.
- If you do not select one, it will not let you enter your income
- Enter your self-employment income on the next screen
- Continue and on the next screen click add expenses
* Please note navigation may differ slightly depending on which version of TurboTax you are using*
The income and expenses as an independent contractor will be reported on Schedule C which is part of your overall tax return. This also means you will be subject to the 15.3% SE Tax. If you did not pay Self Employment (SE) Taxes in 2025, and if you plan to do this again in 2026, it may be a good idea to make estimated quarterly payments to avoid penalties.
Taking Business Expense Deductions
If you have other questions while working on your return you can ask questions in the community posts or you can click the button on your screen for live assistance.
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