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Why am I paying the 114 charge for self-employed. I simply have a business as extra income. Bottom line, I'm not self-employed

Forum|Forum|7 years ago
June 5, 2019
5 replies
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I already did that early on. The result is I'm still being forced down the self-employed return road. I do not want to start over as I don't want to risk losing what I've entered nor possibly getting the same result. Can u credit my account so I only pay the Premier Rate?

TurboTax Self Employed Online

Best answer by ClarkeB

If you haven't filed yet, you can downgrade using the Clear and Start Over feature but bear in mind that the different TurboTax "flavors" handle different tax situations and their associated forms.

For example, if you want to downgrade from Deluxe to Federal Free Edition and you're itemizing (Schedule A), you can clear and start over with the free edition, but once you enter your itemized deductions in the free edition, you'll be asked to upgrade to Deluxe.

Here is a short list of some common tax situations and the online products that now uniquely support them:

Itemized Deductions (Schedule A/1040)- Deluxe, Premier, and Self-Employed
Capital Gains or Losses (Schedule D) - Premier and Self-Employed
Rental Income (Schedule E) - Premier and Self-Employed
Profit or Loss from Business (Schedules C-EZ and C) - Self-Employed

If you are looking at TurboTax Federal Free Edition, keep in mind that this version is intended for taxpayers with very simple returns (Form 1040EZ filers with the standard deduction), for example first-time filers and students.

B

brucesanders63Author

Please respond asap to my follow-up.

C

ClarkeB

Not seeing a "follow-up". What other questions or concerns do you have?

B

brucesanders63Author

It appears in the 2017 version for TT, that if I have a schedule C that TT considers me self-employed? What is the cost if I do a Schedule F?

C

ClarkeB

Still Self Employed. You can see what version supports which forms here: <a rel="nofollow" target="_blank" href="https://turbotax.intuit.com/personal-taxes/online/">https://turbotax.intuit.com/personal-taxes/online/</a>

C

ClarkeBAnswer

If you haven't filed yet, you can downgrade using the Clear and Start Over feature but bear in mind that the different TurboTax "flavors" handle different tax situations and their associated forms.

For example, if you want to downgrade from Deluxe to Federal Free Edition and you're itemizing (Schedule A), you can clear and start over with the free edition, but once you enter your itemized deductions in the free edition, you'll be asked to upgrade to Deluxe.

Here is a short list of some common tax situations and the online products that now uniquely support them:

Itemized Deductions (Schedule A/1040)- Deluxe, Premier, and Self-Employed
Capital Gains or Losses (Schedule D) - Premier and Self-Employed
Rental Income (Schedule E) - Premier and Self-Employed
Profit or Loss from Business (Schedules C-EZ and C) - Self-Employed

If you are looking at TurboTax Federal Free Edition, keep in mind that this version is intended for taxpayers with very simple returns (Form 1040EZ filers with the standard deduction), for example first-time filers and students.