I used Home & Business last year but I'm a financial contractor and my business expenses are easily identified. Just need to know if Deluxe will allow me to enter a 1099 and a W2 and SE expense and properly calculate self employment tax. I'm about to purchase and just want to get the correct version.
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No. If you are using the online version of TurboTax, then you will need TurboTax Self Employed if you have business expenses. TurboTax deluxe will only handle Schedule C without expenses.
No. If you are using the online version of TurboTax, then you will need TurboTax Self Employed if you have business expenses. TurboTax deluxe will only handle Schedule C without expenses.
will turbotax deluxe which I have purchased handle a self-employment tax return with itemized deductions and expenses
@gonzo91143 wrote:
will turbotax deluxe which I have purchased handle a self-employment tax return with itemized deductions and expenses
If you purchased the 2021 TurboTax desktop CD/Download edition to install on your personal computer it supports entry of self-employment income and expenses on Schedule C.
The TurboTax Deluxe online web based edition will not support entry of self-employment expenses and you would need to upgrade to the Self-Employed edition.
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