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W-2 employee but I also provide some consultancy for 1000$ per year aside. Which version should I buy to be able to declare this extra? No more incomes.

I feel it is absurd to pay  100$ only to add this little detail.
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W-2 employee but I also provide some consultancy for 1000$ per year aside. Which version should I buy to be able to declare this extra? No more incomes.

Do you have any 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 use any of the Desktop programs.   All the Desktop programs have the same forms. You just get more help and guidance in the higher versions. 

 

How to enter self employment income

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

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8 Replies

W-2 employee but I also provide some consultancy for 1000$ per year aside. Which version should I buy to be able to declare this extra? No more incomes.

Do you have any 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 use any of the Desktop programs.   All the Desktop programs have the same forms. You just get more help and guidance in the higher versions. 

 

How to enter self employment income

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

W-2 employee but I also provide some consultancy for 1000$ per year aside. Which version should I buy to be able to declare this extra? No more incomes.

Any of the downloaded programs will work ... Deluxe if you have a state return to do or Basic if you don't ... 

 

2021 TURBOTAX  CD/DOWNLOAD (This requires a full PC or Mac—-cannot be used on a mobile device)

 

https://turbotax.intuit.com/personal-taxes/cd-download/

 

You can also purchase the CD/download from various retailers such as Costco, Amazon, Walmart, Best Buy, Staples, Sam’s Club, etc. etc. etc.

 

This link Where can I obtain authentic TurboTax software? has a list of authorized TurboTax resellers.

 

When you use desktop software, there is an additional fee to e-file a state return.  You can avoid that fee if you print, sign and mail the state return.  The state e-file fee is $19.99 and increases in March.

 

 

https://ttlc.intuit.com/community/system-requirements/help/minimum-system-requirements-for-turbotax-...

W-2 employee but I also provide some consultancy for 1000$ per year aside. Which version should I buy to be able to declare this extra? No more incomes.

If you qualify you can use one of the  8  IRS FREE FILE options that will be available mid January ... (for 2020 your AGI had to be  $72K or less) they have not posted the 2021 income limits yet  ...  https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free

W-2 employee but I also provide some consultancy for 1000$ per year aside. Which version should I buy to be able to declare this extra? No more incomes.

I don't have any expenses to declare. Can I use the standard version to declare my self-employed income? Thanks for your help.

AmyC
Expert Alumni

W-2 employee but I also provide some consultancy for 1000$ per year aside. Which version should I buy to be able to declare this extra? No more incomes.

Deluxe will do a sch C for you.

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W-2 employee but I also provide some consultancy for 1000$ per year aside. Which version should I buy to be able to declare this extra? No more incomes.

What if the company will give me a form 1099? Does still work?

AmyC
Expert Alumni

W-2 employee but I also provide some consultancy for 1000$ per year aside. Which version should I buy to be able to declare this extra? No more incomes.

Deluxe will handle income. If you have expenses, you must move up to the Self Employed version. See here for a comparison by forms. Scroll down a little.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

W-2 employee but I also provide some consultancy for 1000$ per year aside. Which version should I buy to be able to declare this extra? No more incomes.

Yes a 1099NEC is self employment income.   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 use any of the Desktop CD/Download 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/...

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