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March 8, 2025
Question

I NEED HELP FILING MY SMALL BUSINESS TAXES I AM NOT A CORP.

  • March 8, 2025
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    March 8, 2025

    Usually, small businesses that are not incorporated use Schedule C to report their income and expenses.

     

    Here's how to report Schedule C Income from self-employment in TurboTax Online:

     

    • Navigate to Federal > Wages & Income > Self-employment income and expenses > Start
    • Answer "Yes" to the question "Did you have any self-employment income or expenses?"
    • Give a description of the business
    • Continue until the interview asks "how does your  work fit into your big picture?", based on the information you provided, it's a business.
    • Answer all the informational questions until you get to the screen  "Let's enter the income for your work."  Here, enter what you were paid.
    • Once you've entered your income, type in your expenses in the proper categories, TurboTax Online will recommend popular categories, but refer to your records to ensure you are deducting all of your expenses

     

    Here is some information you may find helpful: What Is a Schedule C IRS form?