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My husband who is an artist. His income comes from selling paintings or sculpture commissions. Where do I enter these ?earnings.

 
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DS30
New Member

My husband who is an artist. His income comes from selling paintings or sculpture commissions. Where do I enter these ?earnings.

Yes, you will enter the amount earned from the sales as income. Most individuals are on a cash-basis when reporting income so you will report the income when it was received. You will also be able to claim a deduction for various business expenses related this income.

Please refer to this IRS link for more information about business expenses:

https://www.irs.gov/publications/p334/ch08.html#en_US_2014_publink1000313521

To enter your business income and expense using TurboTax SE Online (for TurboTax Online sign-in, click Here , then select "Take Me to My Return") or TurboTax Home and Business Desktop, please follow these steps:

  1. Once you are in your tax return, click on the “Business" tab
  2. Next click on “I’ll choose what I work on” (jump to full list)
  3. Scroll down the screen until to come to the section “Business Income and Expense”
  4. Choose “Profit or Loss from Business ” and select start/revisit/update.
  5. If your business is already listed, choose to "edit"
  6.  You will eventually get to a screen titled "Your () Business"
  7. For income that you received as cash enter if under "General Income".

 

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1 Reply
DS30
New Member

My husband who is an artist. His income comes from selling paintings or sculpture commissions. Where do I enter these ?earnings.

Yes, you will enter the amount earned from the sales as income. Most individuals are on a cash-basis when reporting income so you will report the income when it was received. You will also be able to claim a deduction for various business expenses related this income.

Please refer to this IRS link for more information about business expenses:

https://www.irs.gov/publications/p334/ch08.html#en_US_2014_publink1000313521

To enter your business income and expense using TurboTax SE Online (for TurboTax Online sign-in, click Here , then select "Take Me to My Return") or TurboTax Home and Business Desktop, please follow these steps:

  1. Once you are in your tax return, click on the “Business" tab
  2. Next click on “I’ll choose what I work on” (jump to full list)
  3. Scroll down the screen until to come to the section “Business Income and Expense”
  4. Choose “Profit or Loss from Business ” and select start/revisit/update.
  5. If your business is already listed, choose to "edit"
  6.  You will eventually get to a screen titled "Your () Business"
  7. For income that you received as cash enter if under "General Income".

 

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