Solved: I made less than $1000 on self-employment income. Should I use deluxe edition or self-employment to add my income and deductions (about $420 worth)?
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New Member

I made less than $1000 on self-employment income. Should I use deluxe edition or self-employment to add my income and deductions (about $420 worth)?

I want to get away with spending as little as possible on submitting my taxes. If i can do my deductions for my courses and expenses through the deluxe edition, I would like to choose that one. Or if my income and expenses are so small, submitting deductions aren't worth spending the extra money on the self-employment edition, then I'll choose deluxe edition. But if it makes a difference or I can't submit deductions any other way than the self-employment, then I'll choose that option. Also, can you upgrade when you've already chosen the deluxe edition at a prorated amount?
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Level 2

I made less than $1000 on self-employment income. Should I use deluxe edition or self-employment to add my income and deductions (about $420 worth)?

The self-employment tax alone on $1,000 is $153.  You will want to claim your legitimate deductions to minimize your tax bill.  This requires you to use TurboTax Self-employed online, or the Home & Business download.

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Level 2

I made less than $1000 on self-employment income. Should I use deluxe edition or self-employment to add my income and deductions (about $420 worth)?

The self-employment tax alone on $1,000 is $153.  You will want to claim your legitimate deductions to minimize your tax bill.  This requires you to use TurboTax Self-employed online, or the Home & Business download.

View solution in original post

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New Member

I made less than $1000 on self-employment income. Should I use deluxe edition or self-employment to add my income and deductions (about $420 worth)?

Thank you!
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Level 2

I made less than $1000 on self-employment income. Should I use deluxe edition or self-employment to add my income and deductions (about $420 worth)?

My pleasure.
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