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March 18, 2025
Question

My only income for 2024 was $1,200 for consulting, minimal expenses. To reflect this in Basic Turbo Tax worksheet?

  • March 18, 2025
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How to show this in the Basic Turbotax software forms?

    1 reply

    March 18, 2025

    Self-employment income is reported on Schedule C Profit or Loss from Business.

     

    To report expenses under Self-employment income, follow these directions.

     

    • Down the left side of the screen, click Federal.
    • Down the left side of the screen, click Wages & Income.
    • Click on the drop down arrow to the right of Self-employment.
    • Click to the right of Self-employment income and expenses.
    • At the screen Tell us the type of self-employment work you do, enter the answer and click Continue.
    • Establish the self-employment activity and report the income and expense.
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