Question

Do I need to upgrade to turbo tax premium in order to deduct expenses on a 1099?

Forum|Forum|2 years ago
June 21, 2023
2 replies
0 views

The two buttons I see are I don't have expenses, and upgrade to premium..

TurboTax Deluxe Online

Employee

If you have self-employment income reported on a 1099NEC then you need to use online Self-Employed or any version of the CD/download so that you can prepare a Schedule C for your business expenses.

https://ttlc.intuit.com/questions/2926899-how-does-my-side-job-affect-my-taxes

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax

https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c

https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct

https://ttlc.intuit.com/questions/1901110-do-i-need-to-make-estimated-tax-payments-to-the-irs

https://turbotax.intuit.com/tax-tools/calculators/self-employed/

Or—-Use this IRS site for other ways to file for free. There are 8 free software versions available from the IRS Free File site

https://apps.irs.gov/app/freeFile/

**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.**

VolvoGirl

Employee

Yes. You can only enter 1099NEC or self employment income in Online Premier or Deluxe. To enter expenses you need the new Premium version or the self employed version (or any of the CD/Download Desktop programs).