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I did commercial fishing as an independent contractor. Where do I enter expenses, like commercial fishing license, trapping license, and other licenses I had to purchase?

Forum|Forum|5 years ago
April 13, 2021
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TurboTax Self Employed Online

Best answer by HelenC12

If you're an independent contractor, the IRS considers you as having your own business. You would enter your income and expenses on your Schedule C (Form 1040), Profit or Loss From Business. You can use the expense categories listed on Schedule C and for those expenses that aren't listed, enter them as Other expenses.

To enter your income and expenses, see Where do I enter my self-employment business expenses, like home office, vehicle mileage, and supplies?

H

HelenC12Answer

If you're an independent contractor, the IRS considers you as having your own business. You would enter your income and expenses on your Schedule C (Form 1040), Profit or Loss From Business. You can use the expense categories listed on Schedule C and for those expenses that aren't listed, enter them as Other expenses.

To enter your income and expenses, see Where do I enter my self-employment business expenses, like home office, vehicle mileage, and supplies?

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