Why do I need self employed tax form if I take standard deduction of $15,000. Why should I pay for the higher cost tax program
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New Member

Why do I need self employed tax form if I take standard deduction of $15,000. Why should I pay for the higher cost tax program

Turbotax determined I was better off taking standard deduction rather than itemising.
4 Replies
Alumni

Why do I need self employed tax form if I take standard deduction of $15,000. Why should I pay for the higher cost tax program

What kind of income do you have? Do you have self-employment or business income?
New Member

Why do I need self employed tax form if I take standard deduction of $15,000. Why should I pay for the higher cost tax program

Yes...im retired but have residual income.
Alumni

Why do I need self employed tax form if I take standard deduction of $15,000. Why should I pay for the higher cost tax program

You need the self-employed version to report self-employment or business income. That is totally independent of whether you itemize deductions on Schedule A or take the standard deduction.
Alumni

Why do I need self employed tax form if I take standard deduction of $15,000. Why should I pay for the higher cost tax program

You need the self-employed version to report self-employment or business income. That is totally independent of whether you itemize deductions on Schedule A or take the standard deduction.
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