Hello,
For 2020 I worked full time (W2) and did some freelancing work for 2 months (1099-NEC). I'm married and always file jointly using TurboTax Premier. We have been using TurboTax for many years.
I have 2 months of expenses to write off for the freelancing work so I know those need to be itemized.
For filing jointly do I use the Turbo Tax Self-Employed (online) for both personal and business? Or since this is the first year have the live CPA?
Thanks,
: )
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You will need to use TurboTax Self-Employed to prepare a Schedule C to claim your expenses for your freelance work. Your information from Premier will transition to Self-Employment so you will not need to reenter it. Your expenses will reduce your freelance income that is subject to both self-employment tax and income tax. If you did your freelance work from a home office, you may also be able to claim a home office deduction for some of your home expenses. You can begin to enter your freelance income and expenses in TurboTax Self-Employed here:
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