Expenses include: product purchase, travel to AZ and TX, a conference, hotels, food, office supplies; totaling nearly $2000.00.
Income is only $80.00 thus far.
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Yes, a direct-selling business like Nerium is reported on Schedule C, included in TurboTax Self-Employed Online. You may report your business activity even if you did not receive Form 1099-MISC and you have more expenses than income.
To enter self-employment income in TurboTax, go to My Account >> Tools >> Topic Search. Type in "schedule c", click the topic in the list, then click "GO". You will be prompted to upgrade, if necessary, to the TurboTax version that is best for your tax situation.
Follow the prompts to describe your business activity, then enter your income and expenses. You may be asked for a Business Code: most direct sales representatives use business code 454390(Other direct selling establishments) and use the Cash Method.
Be sure to keep good records.
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