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scott2024
New Member

Why is Turbotax recommending the Self Employed version when I am not self-employed but work for a company.

 
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5 Replies
Carl
Level 15

Why is Turbotax recommending the Self Employed version when I am not self-employed but work for a company.

Do you have any income from other than a W-2 employer to report? If so, what kind of income?

Why is Turbotax recommending the Self Employed version when I am not self-employed but work for a company.

Did you get a 1099Misc instead of a W2?
scott2024
New Member

Why is Turbotax recommending the Self Employed version when I am not self-employed but work for a company.

Ahhh..  I did have spiffs and such paid out on 1099 MISC but those are way  under what I make at my main job.
Carl
Level 15

Why is Turbotax recommending the Self Employed version when I am not self-employed but work for a company.

Then it's self employment income if the income is reported in box 3 or 7, as far as the IRS is concerned. If you're going to use the online version of the program, you have to use SE Online. Otherwise, if you get the CD/Desktop version you physically install on your computer, you can use Deluxe or Premier.

Why is Turbotax recommending the Self Employed version when I am not self-employed but work for a company.

A 1099 with the spiffs in box 3 can be entered on line 21 of the form 1040 ... you just need Deluxe ... say no to the upgrade and follow this path ...


·         Click the Federal Taxes tab ( Personal in the Home & Business version)

·         Click Wages & Income. (Personal income in the H & B version)

·         Click "I'll choose what I work on."

·         On the screen "Your 2015 Income Summary," scroll all the way down to the last section, "Less Common Income."

·         Click the Start or Update button for the last topic, "Miscellaneous Income, 1099-A, 1099-C."

·         On the next screen, "Let's Work on Any Miscellaneous Income," scroll down and click the Start or Update button for the last topic, "Other reportable income."

·         The next screen asks, "Did you receive any other taxable income." Click Yes.

·         On the next screen, "Other Taxable Income," enter a description and the amount. Click Continue.

·         On the next screen click Done.

The income will be reported on Form 1040 line 21 with the description that you entered.


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