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New Member
posted Oct 29, 2019 9:36:00 PM

Does TurboTax Standard help to identify and calculate expenses against freelance writing income

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1 Best answer
New Member
Oct 29, 2019 9:36:02 PM

It looks like you are using the Desktop software.  If you are going to claim the freelance writing as casual income, then you are going to have to calculate the net income yourself and report it.  To report it in TurboTax Standard desktop edition you click "Income & Expense" in the left hand column, then select "Employment Status."  You will be brought to a screen with a checklist...you would make sure the top item is checked, "Received tips, gratuities, occacional earnings, or other employment income."  When you click "Continue" you will be brought to a screen where you can enter the net freelance earnings as occasional earnings.

If you are going to report the income as Self Employment income, then you will want to click "Income & Expenses" in the left hand column, then select "Self Employment."  In the checklist that appears, select the last choice in the list, "Other type of business" and then click "Continue" and follow the prompts to enter your revenue and expenses.

9 Replies
New Member
Oct 29, 2019 9:36:02 PM

It looks like you are using the Desktop software.  If you are going to claim the freelance writing as casual income, then you are going to have to calculate the net income yourself and report it.  To report it in TurboTax Standard desktop edition you click "Income & Expense" in the left hand column, then select "Employment Status."  You will be brought to a screen with a checklist...you would make sure the top item is checked, "Received tips, gratuities, occacional earnings, or other employment income."  When you click "Continue" you will be brought to a screen where you can enter the net freelance earnings as occasional earnings.

If you are going to report the income as Self Employment income, then you will want to click "Income & Expenses" in the left hand column, then select "Self Employment."  In the checklist that appears, select the last choice in the list, "Other type of business" and then click "Continue" and follow the prompts to enter your revenue and expenses.

New Member
Oct 29, 2019 9:36:04 PM

Here is a screen shot showing the Self Employment option in TurboTax Standard desktop

New Member
Oct 29, 2019 9:36:06 PM

The user may find that the left hand column on TurboTax standard is now locked.  He will be able to click on the forms icon, click on T1 general and then double click on line 130 to get to the options for "other income".  Foe self-employment, it will be necessary to click on the forms icon and type in T2125B.

New Member
Oct 29, 2019 9:36:07 PM

Freelance writing is not reported at line 130, it is reported at line 104.  If the income is low enough it qualifies as casual income, and included in calculations for rrsp contribution limits.  Also, having TurboTax desktop standard on my computer...I am quite able to get to the Easy Step entry for self employment.

New Member
Oct 29, 2019 9:36:09 PM

Have you got a secret method?  I ask because mine, which I purchased online is locked.

New Member
Oct 29, 2019 9:36:10 PM

Nothing secret.  It's handy to have for TT clients...for myself, I use Profile, another fine product from Intuit, for my T1 clients...but then I have my efile license.

New Member
Oct 29, 2019 9:36:11 PM

But my TT desktop Standard does indeed allow self employment entries...though casual income at line 104 is easy to enter, just follow the directions I posted in my original post.  Someone that earns tips certainly doesn't need software for self employment income, they just need to make sure the tips are recorded also as casual income at line 104.

New Member
Oct 29, 2019 9:36:13 PM

Once again to the add a picture

New Member
Oct 29, 2019 9:36:14 PM

I will add a screenshot when I get to the office tomorrow.