You'll need to sign in or create an account to connect with an expert.
You don't have to. Your labor costs as the owner and sole proprietor of the business will be a function of your business profit. From there, you will pay taxes and Self-Employment taxes on those profits.
Unless you have other employees, there is nothing to enter for labor costs or salaries.
If you have additional questions or details regarding this, please feel free to post in the comments for further clarification.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
weaslebub
Level 2
smw4
New Member
Fund247
Level 1
sunshine39
Level 2
sunshine39
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.