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asgardfarms
New Member

I would like to change my business to a hobby?

 
1 Best answer

Accepted Solutions
cameaf
Level 5

I would like to change my business to a hobby?

If you would like to change the business income you have listed on Schedule C to hobby income in TurboTax, you will first need to delete the Schedule C (and any related worksheets), then add the information in the hobby section.

To remove Schedule C

  • Login to your TurboTax online account
  • Click Take me to my return or pick up where I left off
  • Click Tax Tools (located in the left side bar), then Click Tools
  • Click Delete A Form in the Tools Center pop up box
  • Click Delete next to the Schedule C in the Review Forms List Screen (you may have to scroll down)

To add Hobby Income

  • While logged into your account
  • Type the words Hobby Income, loss in the search box (located in the upper right hand corner)
  • Click the Jump to Hobby Income, loss link that appears in the search results
  • Continue with the onscreen instructions to add the hobby income



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1 Reply
cameaf
Level 5

I would like to change my business to a hobby?

If you would like to change the business income you have listed on Schedule C to hobby income in TurboTax, you will first need to delete the Schedule C (and any related worksheets), then add the information in the hobby section.

To remove Schedule C

  • Login to your TurboTax online account
  • Click Take me to my return or pick up where I left off
  • Click Tax Tools (located in the left side bar), then Click Tools
  • Click Delete A Form in the Tools Center pop up box
  • Click Delete next to the Schedule C in the Review Forms List Screen (you may have to scroll down)

To add Hobby Income

  • While logged into your account
  • Type the words Hobby Income, loss in the search box (located in the upper right hand corner)
  • Click the Jump to Hobby Income, loss link that appears in the search results
  • Continue with the onscreen instructions to add the hobby income



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