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Where do I enter income from my dba

 
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Accepted Solutions
IreneS
Intuit Alumni

Where do I enter income from my dba

UPDATED FOR TAX YEAR 2019

The income and expenses of a sole proprietorship are reported on a Schedule C in your 1040 return.  Please follow these steps in TurboTax Home & Business.

  1. Click on the Business tab > Continue > I'll choose what to work on  [In TurboTax Self-Employed:  Wages & Income > Self-employment]
  2. On the Let’s gather your business info screen, in the Business Income and Expenses section, click the Start/Update button.  
  3. If you have already started adding information about your business, you will see the Here's the business info we have so far screen.  Click on the Edit box next to the business. 
  4. If you haven't already started adding business information, continue through the screens to enter the needed information.
  5. You will now be on the Your [XX] Business screen.  In the Business Income section, click on the Start/Update box.  
  6. On the next screen, Business Income, click on the Start/Update box next to the type of income you wish to report.   Click Continue when finished with income.
  7. When you are finished entering income, you will be brought back to the Your [business type] Business screen.   From here you can enter other business items (expenses, assets, inventory, etc.).

 

[Edited | 3/23/2020 |  12:15 pm PDT]




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1 Reply
IreneS
Intuit Alumni

Where do I enter income from my dba

UPDATED FOR TAX YEAR 2019

The income and expenses of a sole proprietorship are reported on a Schedule C in your 1040 return.  Please follow these steps in TurboTax Home & Business.

  1. Click on the Business tab > Continue > I'll choose what to work on  [In TurboTax Self-Employed:  Wages & Income > Self-employment]
  2. On the Let’s gather your business info screen, in the Business Income and Expenses section, click the Start/Update button.  
  3. If you have already started adding information about your business, you will see the Here's the business info we have so far screen.  Click on the Edit box next to the business. 
  4. If you haven't already started adding business information, continue through the screens to enter the needed information.
  5. You will now be on the Your [XX] Business screen.  In the Business Income section, click on the Start/Update box.  
  6. On the next screen, Business Income, click on the Start/Update box next to the type of income you wish to report.   Click Continue when finished with income.
  7. When you are finished entering income, you will be brought back to the Your [business type] Business screen.   From here you can enter other business items (expenses, assets, inventory, etc.).

 

[Edited | 3/23/2020 |  12:15 pm PDT]




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