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January 17, 2020
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Can I use Premium version for my 1099 misc income and expenses?

  • January 17, 2020
  • 1 reply
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My husband is a part time realtor work for another realtor company. He has regular W2 as well.  Can I use premium version to report the income on 1099-misc and deduct expenses as well. Or do I have to use home and business version?

    Best answer by VolvoGirl

    Ok. I just called the TT customer service. I was told that if I do not have expenses, then I can use Premium. But if I have expenses, I have to use Home and business. Is that correct? we are not independent contractor and do not have our business. We just get 1099-misc from another compnay. But we do have expenses. Can someone confirm?


    No.  Online versions are different than the Desktop programs.  In the Online Premier (and Deluxe) you can enter 1099Misc self employment income if you don't have any expenses.  If you have expenses you need to use the online Self Employed version.

     

    As I said above if you are using the Desktop CD/Download program you can use any version (even Deluxe) even if you have expenses.  

     

    By the way, the version is called Premier not Premium.  There is an extra service bundle called Premium.  

    1 reply

    Employee
    January 17, 2020

    If you are using desktop software you can use Premier.  If you are using online TT you need Self-Employed.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    January 17, 2020

    I am using the one purphsed from Costco, which comes with a disc. So I assume that is a desktop version. 

    Employee
    January 17, 2020

    Yes---Costco only sells desktop software

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**