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March 11, 2025
Question

How do I complete Schedule C to add income from a sole proprietor LLC for 2024 taxes?

  • March 11, 2025
  • 1 reply
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This is my first year with Intuit Premium, and the profit/loss questionnaire collects info from the profit-loss statement but does not generate Schedule C in the return.

    1 reply

    March 11, 2025

    To report your self employment income and expenses:

    1. Open your return
    2. Go to Income and Expenses
    3. Go to Self-employment income and expenses
    4. Answer Yes to Did you have any self-employment income or expenses?
    5. If you land on the screen Your 2024 self-employed work summary select Edit next to line of work.
    6. Click on Add income for this work.  

    Where do I enter Schedule C?

    If you received form 1099-NEC or 1099-MISC and started reporting that form, TurboTax will ask you questions about your 1099 income and generate Schedule C.

    Income from schedule C goes on schedule 1(Form 1040)  Additional Income line 3. Additional Income from schedule 1, line 10 goes on  form 1040 line 8. 

     

    To preview Schedule 1

    1. From the left rail menu in TurboTax Online, select Tax Tools (You may have to scroll down on the left rail menu.)
    2. Select Tax Tools .On the drop-down select Tools 
    3. On the pop-up menu titled “Tools Center”, select View Tax Summary 
    4. On the left sidebar, select Preview my 1040 
    5. Scroll down to see schedule 1


     

     
     

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