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w8519775
New Member

As a freelancer where do I deduct my misc. expenses, i.e. car, office supplies, gas and parking like i have done in previous years on turbo tax?

 
1 Reply

As a freelancer where do I deduct my misc. expenses, i.e. car, office supplies, gas and parking like i have done in previous years on turbo tax?

Thank you for choosing TurboTax,

Please follow these steps to enter your expenses,

  1. Skip ahead to the Self Employment Expenses section by selecting the magnifying glass from the menu.
  2. Enter self-employment in the search bar. 
  3. Select Self-Employment.
  4. Select Go.
  5. On the Your Self-employment Profile for 2020 screen, select any applicable boxes.
  6. Select Continue.
  7. Select Enter New Business for.
  8. On the Your Business Income for 2020 screen, select your business type from the dropdown menu. 
  9. Select Continue
  10. On the T2125 Business Statement screen, enter the basic information about your business.
  11. In the Calculation of Expense section, fill out  your expenses
  12. When finished, select Continue to claim your expenses.

Please visit our Turbotax article on Tax Tip: Filing taxes for freelance workers and self-employed individuals