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gljsjtds
New Member

Self-employed, asks you to enter your net income first, then does the deductions, reducing the net income you previously entered. What should I enter for the first net?

It asks you to enter your net income first, but then proceeds to reduce this after your deductions are entered in to the system. I am confused as net income is what we earn after our "loses". So what should I be entering when they first ask "net income". I feel like this should be my gross, then the system takes off deductions, giving me a net at the end. Worried I am doing this wrong
6 Replies

Self-employed, asks you to enter your net income first, then does the deductions, reducing the net income you previously entered. What should I enter for the first net?

Are you using TurboTax CD/Download or TurboTax Online?

gljsjtds
New Member

Self-employed, asks you to enter your net income first, then does the deductions, reducing the net income you previously entered. What should I enter for the first net?

TurboTax Online 

Self-employed, asks you to enter your net income first, then does the deductions, reducing the net income you previously entered. What should I enter for the first net?

It doesn't ask for Net Income, it asks for Total Revenue. 

 

gljsjtds
New Member

Self-employed, asks you to enter your net income first, then does the deductions, reducing the net income you previously entered. What should I enter for the first net?

I don't think my page looked like that. I'll start again and see why it didn't show this page

bkosti
New Member

Self-employed, asks you to enter your net income first, then does the deductions, reducing the net income you previously entered. What should I enter for the first net?

I'm not seeing that page either; I just have a page to enter Professional Fees

Self-employed, asks you to enter your net income first, then does the deductions, reducing the net income you previously entered. What should I enter for the first net?

If you choose Business at the beginning of the self-employment interview, as seen in the image below, the page will appear.

 

 

 

 

 

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