Schedule C-EZ, Net Profit from a Business
What is Schedule C-EZ?
Many taxpayers receiving a Form 1099-MISC for the occasional or one-time odd job may use Schedule C-EZ, Net Profit from Business. This is a simplified version of Schedule C, and allows you to only deduct limited expenses against your non-employee or self-employment income. The C-EZ form omits a lot of the detail in the full Schedule C, and just asks for your total business receipts and expenses. However, you still need to complete a separate section if you claim expenses for a vehicle.
Certain statutory employees and self-employed taxpayers with simple business expenses may be able to file Schedule C-EZ instead of Schedule C.
TurboTax Deluxe, Premier or Home and Business editions will step you through your Form 1099-MISC income and determine the correct version of Schedule C for your tax situation. TurboTax Home and Business edition is needed to finish a complete Schedule C, Profit or Loss from Business.
In TurboTax Deluxe or Premier, jump directly to the entry screen for Form 1099-Misc for Schedule C-EZ (or Schedule C):
- In the TurboTax search box, enter 1099-misc (with or without the dash) and press the Enter key.
- You'll jump to the Did you get a 1099-MISC? screen, then click Yes.
- On the Let's enter the info from your 1099-MISC screen, copy the information from your form into TurboTax.
- Click Continue and aswer the following interview screens describing the income.
If you have you own business or are self-employed and need to enter a complete set of income and expenses, use the TurboTax Home & Business edition to complete a Schedule C.