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Which turbotax do i need as an independent contractor with almost no business expenses?

 
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8 Replies

Which turbotax do i need as an independent contractor with almost no business expenses?

Most likely you will either need TurboTax Self Employed online or TurboTax Home & Business desktop. See link below that provides a product comparison of all Turbo Tax products.

Desktop product comparison

Online Product Comparison


Stevawils
New Member

Which turbotax do i need as an independent contractor with almost no business expenses?

Threaputic Support Staff , independent contractor

Which turbotax do i need as an independent contractor with almost no business expenses?

If you don't have a complex business, TurboTax Deluxe will handle your contractor situation.

Which turbotax do i need as an independent contractor with almost no business expenses?

You can enter Self Employment Income into Online Deluxe or Premier but if you have any expenses you will have to upgrade to the Self Employed version.  Or any of the Desktop programs.

 

How to enter income from Self Employment

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/...

Which turbotax do i need as an independent contractor with almost no business expenses?

should have been more clear : TurboTax Deluxe CD/download.

You can enter expenses.

dlindsaedt
Returning Member

Which turbotax do i need as an independent contractor with almost no business expenses?

I had 3 months of 1099 wages and related milage costs to get there.  Which turbo tax should I buy.  I did make estimated tax payments.

Which turbotax do i need as an independent contractor with almost no business expenses?

@dlindsaedt If you had self-employment income----if you worked as an independent contractor---"1099 wages" --- then you need online Self-Employed or any version of the CD/download so that you can prepare a Schedule C for your business expenses.  You will be paying self-employment tax for Social Security and Medicare.

 

https://ttlc.intuit.com/questions/2926899-how-does-my-side-job-affect-my-taxes

 

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/...

 

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

 

https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax

https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c

 

 

https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct

 

 

https://ttlc.intuit.com/questions/1901110-do-i-need-to-make-estimated-tax-payments-to-the-irs

 

 

https://turbotax.intuit.com/tax-tools/calculators/self-employed/

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
DianeW777
Expert Alumni

Which turbotax do i need as an independent contractor with almost no business expenses?

You have two choices.  You can use TurboTax CD/Download or TurboTax Online (start for free and you will be automatically upgraded to TurboTax Self Employed Online). 

 

When you use TurboTax Online you can access it anywhere easily.  TurboTax CD/Download (Desktop) is also versatile if you carry your computer with you. 

You want to take advantage of all your expenses to reduce your self employment  income since you have both personal income tax and self employment tax (social security and medicare tax).

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