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Level 2
posted Jan 26, 2022 3:12:17 PM

How do I enter my expenses when filing on turbotax?

0 3 562
3 Replies
Employee Tax Expert
Jan 26, 2022 3:17:20 PM

What kind of expenses are you referring to?

Level 2
Jan 26, 2022 3:22:28 PM

As someone who is self-employed such as equipment I purchased, gas, etc.

Employee Tax Expert
Jan 26, 2022 3:35:54 PM

You can see the form and breakdowns here, About Schedule C (Form 1040), Profit or Loss from Business  IRS. The best thing you can do is learn, see Small Business and Self-Employed Tax Center for the answer to every question you will ever have.

 

It includes these links as well:

 

Also, from Turbo Tax:

:Is my business an SSTB?

What can I expense or depreciate with the business safe harbor election?