reporting income with Home and Business

Forum|Forum|1 year ago
March 10, 2025
2 replies
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Hello, I am completing taxes using the TurboTax Home and Business option and I am wondering if I enter self-employed business income twice - once under the business tab and once under the personal? If so, do I also double enter taxes paid/expenses? Or do I just enter all income and expense for my self-employment under business?

Best answer by VolvoGirl

No. Just enter it under the Business tab. You are only filling out 1 tax return for both your self employment on Schedule C and your personal info. The Business tab is still part of your personal 1040.

VolvoGirlAnswer

Employee

kstrenge24Author

Thank you - very helpful!

SharonD007

No, don't enter your business income twice and don't double the taxes paid and expenses that you paid. Your self-employment income from your business should be entered under the Business Tab in the Business Income and Expenses section.

Refer to the TurboTax articles Where do I enter Schedule C? and Where do I enter my self-employment business expenses, like home office, vehicle mileage, and supplies? for navigation instructions.

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