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RO4147
New Member

Which turbo tax version do I need?

I've been using Turbotax for years to file our taxes using the Deluxe Federal and State version. Now we have a W2 and a 1099-NEC. Can I continue to use the Deluxe version? If not, which online version do I need to purchase? Also, I've been thinking to purchase the download this time around as it is cheaper than the online version. In this case, which download version of Turbotax would I need? Thanks!

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2 Replies

Which turbo tax version do I need?

 

Any version of the CD/download can be used to prepare the Schedule C you will need for your business expenses.   If you use online TurboTax, only Premium can prepare a Schedule C.

**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.**

Which turbo tax version do I need?

You can enter 1099NEC or Self Employment Income into Online Deluxe but if you have any expenses you will have to upgrade to the Premium or use any of the Desktop CD/Download programs. All the Desktop programs have the same forms, so you can buy a lower version.  You just get more help and guidance in the higher versions.

 

How to enter income from Self Employment

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

 

Actually I would just enter your total income as Other self employment income or as Cash or General income.  You don't need to get a 1099NEC or 1099Misc or 1099K.  Even if you did you can enter all your income as Cash.  Only the total goes to schedule C.

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