reporting income with Home and Business

[kstrenge24]

Hello, I am completing taxes using the TurboTax Home and Business option and I am wondering if I enter self-employed business income twice - once under the business tab and once under the personal? If so, do I also double enter taxes paid/expenses? Or do I just enter all income and expense for my self-employment under business?

[VolvoGirl]

No.  Just enter it under the Business tab.  You are only filling out 1 tax return for both your self employment on Schedule C and your personal info.  The Business tab is still part of your personal 1040.  

[kstrenge24]

Thank you - very helpful!

[SharonD007]

No, don't enter your business income twice and don't double the taxes paid and expenses that you paid.  Your self-employment income from your business should be entered under the Business Tab in the Business Income and Expenses section.

Refer to the TurboTax articles Where do I enter Schedule C? and Where do I enter my self-employment business expenses, like home office, vehicle mileage, and suppli... for navigation instructions.