What effect does filing self-employed have on my return?

[brdbndr]

If I accidently transitioned to self-employed following a turbotax query, does that really matter?

[JohnR1 · Accepted solution]

TurboTax Self Employed is a premium version of TurboTax Online, at a higher price point, and supports more forms than other versions - Schedule C, in particular.

The following TurboTax web page provides a side-by-side comparison of the different features of each TurboTax Online product:

https://turbotax.intuit.com/personal-taxes/compare/online/

If you don't need all of the features of TurboTax Self Employed, you can downgrade from TurboTax Self Employed to another version of TurboTax Online, as long as you haven't paid yet (or registered in a free version) - but please bear in mind that you will need to clear any data which you have entered and start over in the other TurboTax version.

Please see the following TurboTax FAQ, "Can I switch to a lower-priced version of TurboTax Online?":

https://ttlc.intuit.com/replies/4248526