If you started a business and operate a s a sole proprietor then you will file a schedule C. TurboTax will automatically complete Schedule C when you set up your self-employment work in TurboTax or when you enter what the IRS considers self-employment income, which is usually reported on Form 1099-NEC or 1099-MISC.Schedule C is supported in TurboTax Self-Employed (both online and in the mobile app) and in all personal 1040 versions of the TurboTax CD/Download software.To set up your business: Open or continue your return. Search for schedule c and click the Jump to link in the search results. Answer Yes to Did you have any self-employment income or expenses? If you've already entered self-employment work and need to enter more, select Add another line of work. Follow the onscreen instructions.If you need Schedule C to report a 1099-NEC or 1099-MISC, search for 1099-NEC or 1099-misc and select the Jump to link. Answer Yes to Did you get a 1099-NEC or 1099-MISC? We'll ask questions to find out if your 1099 income needs to go on Schedule C.If your 2018 or earlier return requires Schedule C-EZ, we'll also generate a Schedule C for background calculation purposes only. It won't get filed with your return.

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What do I need to do if I started a business in 2020?

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February 17, 2021
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RayW7

If you started a business and operate a s a sole proprietor then you will file a schedule C.

TurboTax will automatically complete Schedule C when you set up your self-employment work in TurboTax or when you enter what the IRS considers self-employment income, which is usually reported on Form 1099-NEC or 1099-MISC.

Schedule C is supported in TurboTax Self-Employed (both online and in the mobile app) and in all personal 1040 versions of the TurboTax CD/Download software.

To set up your business:

Open or continue your return.
Search for schedule c and click the Jump to link in the search results.
Answer Yes to Did you have any self-employment income or expenses?
- If you've already entered self-employment work and need to enter more, select Add another line of work.
Follow the onscreen instructions.

If you need Schedule C to report a 1099-NEC or 1099-MISC, search for 1099-NEC or 1099-misc and select the Jump to link. Answer Yes to Did you get a 1099-NEC or 1099-MISC? We'll ask questions to find out if your 1099 income needs to go on Schedule C.

If your 2018 or earlier return requires Schedule C-EZ, we'll also generate a Schedule C for background calculation purposes only. It won't get filed with your return.