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rich m1
New Member

WHAT TURBO TAX SHOULD I USE

I have 2 w-2 type jobs and I have 1 1099-nec type job. I teach a class at a private school so I think I am a

sole proprietor. Can I use Turbo Tax Deluxe or do I have to use Turbo Tax bussiness.

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3 Replies

WHAT TURBO TAX SHOULD I USE

To report your self-employment income and to report your wages as a W-2 employee you will need to use the 2024 TurboTax Premium online edition - https://turbotax.intuit.com/personal-taxes/online/premium/

 

You can use any of the TurboTax 2024 desktop editions to report your self-employment income and to report your W-2 employee income, however the Home & Business edition is recommended but not required - https://turbotax.intuit.com/personal-taxes/cd-download/

WHAT TURBO TAX SHOULD I USE

You have self-employment income for which you will pay self-employment tax for Social Security and Medicare,  so you will need to use online Premium software or any version of the desktop software download so that you can prepare a Schedule C for your business expenses.   You can enter your W-2 income in any version of the software.

 

 

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

 

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/form-1099-nec/1099-nec/L5qTsBiSe_US_en_U...

 

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://blog.turbotax.intuit.com/self-employed/self-employed-tax-deductions-

calculator-2021-2022-50907/

 

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

 

 

If you live in a state with a state income tax, you might need to make estimated payments to your state.

 

 

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

 

https://ttlc.intuit.com/community/business-taxes/discussion/self-employed-don-t-miss-these-tax-moves...

 

**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.**
rjs
Level 15
Level 15

WHAT TURBO TAX SHOULD I USE

You cannot use TurboTax Business. TurboTax Business is for partnerships, S corporations, trusts, and estates, not for a sole proprietor. You cannot use TurboTax Business for your personal Form 1040 tax return. TurboTax Business is not the same as TurboTax Home & Business.

 

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