I have Schedule C Expenses that need to go to lines 14, 16 and 11. but the list of expense categories for "Consulting" are not offering access to those.. help!
I have Schedule C Expenses that need to go to lines 14, 16 and 11. but the list of expense categories for "Consulting" are not offering access to those.. help!
Line 14: Employee benefit programs (other than line 19)
Line 16: Interest
then, in TurboTax Online, you'll be looking for Credit card, loan, and other interest (or, possibly, Mortgage interest); most likely Health insurance premiums; and Contract labor.
To enter these expenses in TurboTax Online:
If you don’t see 2022 TAXES in the left pane, select the dropdown to the right of Income & Expenses on the Hi, let’s keep working on your taxes! page and then select Let’s get started, Pick up where you left off, or Review/Edit.
Otherwise, in the left pane, select Wages & Income
Scroll down and select Edit/Add or Review to the right of Self-employment income and expenses
Select Edit either below or to the right of your self-employment item
On the Here's your [business] info page, scroll down and select Add expenses for this work
You'll come to a screen called First, select the expenses you know [you] had. Categories are recommended based on your previous input, so they might not be listed. If not, select the dropdown to the right of Less Common
Options will appear five at a time. Look for Credit card, loan, and other interest (or, possibly, Mortgage interest); probably Health insurance premiums; and Contract labor
If you don't see them on the first series, use the > link to move forward