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schumom3
April 13, 2025
Question

My business is sole ownership and the software has it set up as a partnership How do I change this?

  • April 13, 2025
  • 1 reply
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    1 reply

    L
    LeticiaF1
    April 13, 2025

    You will need to report your business with your personal return.  You don't not need to do a separate return for it.  You will need to report it on your return on ‌Schedule C. You can also you can report any expenses you had while doing this work.  

     

    To report this on TurboTax:

     

    1. Open your return
    2. Go to Schedule C
    3. Answer Yes to Did you have any self-employment income or expenses?

    Here's some information you may find helpful:

     

     A Guide to Self-Employment Taxes for Contractors, Freelancers, and Beyond 


     

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