FAQ: Turbotax How To Switch From Self Employment To Federal?

Can I switch from TurboTax self employed to regular?

You can downgrade your version of TurboTax Online Self Employed by using the Clear and Start Over feature. This feature is available as long as you haven’t submitted payment, deducted the TurboTax fee from your refund, or registered.

How do I change from TurboTax to not self employed?

How do i remove turbotax self employed, not self employed

  1. Sign in to your account, select Pick up where you left off.
  2. To your left, select Tools, click on the drop-down menu.
  3. Select Clear and Start Over.

Can I use TurboTax self employed if Im not self employed?

You do not have to be self employed to use the software. It just has the forms you must need.

Why does Turbo tax have me as self employed?

It may be that data transferred from your 2015 return (if you used TurboTax last year and transferred that data over to your 2016 return) that contained self-employed information, or you may have entered Form 1099-MISC which requires TurboTax Self-Employed.

How do I downgrade TurboTax without starting over?

At this time the program does not have a way to downgrade to a lower TurboTax edition without clearing and starting over. You can remove Deluxe by clearing your return and starting over, as long as you haven’t already registered or paid.

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Can I use TurboTax if I’m Self Employed?

If you use Turbo Tax Online you can only enter self employment business expenses in the Self Employed version or any Desktop program. OR qualify for EIC (earned income credit.) and set up a new account or it will take you back to regular Turbo Tax.

What version of TurboTax do I need for Self Employed?

If you are self-employed and make less than $39,000 a year, absolutely use TurboTax Freedom Edition. If you are self-employed, do not use any online version of TurboTax cheaper than Home & Business.

How do I file self-employment taxes without a 1099?

As an independent contractor, report your income on Schedule C of Form 1040, Profit or Loss from Business. You must pay self-employment taxes on net earnings exceeding $400. For those taxes, you must submit Schedule SE, Form 1040, the self-employment tax.

Which TurboTax should I use if I have a 1099?

If you only have a W-2 from work and various Form 1099s, you may only need the TurboTax Free Edition. The Form 1099’s the Basic version supports are: 1099-MISC – Miscellaneous Income.

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