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amw4148
New Member

Is Self Employment the same as an Independent Contractor as a Filing Status?

 
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JulieCo
New Member

Is Self Employment the same as an Independent Contractor as a Filing Status?

Self-Employed is the version of TurboTax which can be used to create tax returns that include self-employment income such as work done by independent contractors.  In the Self-Employed version, you can enter independent contractor income AND expenses which will be recorded on Schedule C of your tax return.  Therefore, Self-Employed is not a filing status of your return, but the version of TurboTax which will include the necessary forms to include self-employment (independent contractor) income and expenses on your return.

If you do not have expenses associated with your independent contractor work to deduct on your tax return, then a different version of TurboTax may also work for you, such as TurboTax Deluxe.

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1 Reply
JulieCo
New Member

Is Self Employment the same as an Independent Contractor as a Filing Status?

Self-Employed is the version of TurboTax which can be used to create tax returns that include self-employment income such as work done by independent contractors.  In the Self-Employed version, you can enter independent contractor income AND expenses which will be recorded on Schedule C of your tax return.  Therefore, Self-Employed is not a filing status of your return, but the version of TurboTax which will include the necessary forms to include self-employment (independent contractor) income and expenses on your return.

If you do not have expenses associated with your independent contractor work to deduct on your tax return, then a different version of TurboTax may also work for you, such as TurboTax Deluxe.

View solution in original post

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