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You should report the income as though it was in box 7, nonemployee compensation. This is the correct way to report income you are paid for services you perform, as an independent contractor.
Use the steps below to add this to your other self employment income or create a business using this income. You should include any expenses that were necessary to earn this income including auto mileage, office supplies, etc. There will be a complete list of business expenses as you walk through the TurboTax interview for business.
You can go directly to the area to review your information by following these steps.
TurboTax online version:
1. Sign into your account and select your current return.
2. Select My Account on the top right and then select Tools
3. Select Topic Search (see attached image)
4. Search for business and select Go
5. Select Edit next to your business
6. Update the Business Profile, then proceed to other areas for the question if necessary.
TurboTax desktop version:
1. Search box in the upper right
2. Search for business, schedule c
3. Jump to business. schedule c
4. Continue to Edit your business
5. Update the Business Profile
You should report the income as though it was in box 7, nonemployee compensation. This is the correct way to report income you are paid for services you perform, as an independent contractor.
Use the steps below to add this to your other self employment income or create a business using this income. You should include any expenses that were necessary to earn this income including auto mileage, office supplies, etc. There will be a complete list of business expenses as you walk through the TurboTax interview for business.
You can go directly to the area to review your information by following these steps.
TurboTax online version:
1. Sign into your account and select your current return.
2. Select My Account on the top right and then select Tools
3. Select Topic Search (see attached image)
4. Search for business and select Go
5. Select Edit next to your business
6. Update the Business Profile, then proceed to other areas for the question if necessary.
TurboTax desktop version:
1. Search box in the upper right
2. Search for business, schedule c
3. Jump to business. schedule c
4. Continue to Edit your business
5. Update the Business Profile
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