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As sole prop. where do I input ladders, tools, etc for my painting business? It hasn't shown me an area to input this
posted
April 9, 2023
6:53 PM
last updated
April 09, 2023
6:53 PM
1 Reply
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As sole prop. where do I input ladders, tools, etc for my painting business? It hasn't shown me an area to input this
As per TurboTax, for tax year 2022, the ability to report self-employed expenses is only available in the Self-Employed version of TurboTax Online. You can follow these same steps in TurboTax Free, Standard, or Premier for previous tax years.
TurboTax Online Instructions:
- Select Find (or the magnifying glass icon) from the TurboTax menu
- In the Find window, type Self-employment, select it from the list of results, then select Go
- On the Let’s look at your self-employment income and expenses step, select Check the box if you have self-employed income and expenses to report, then select Continue. If you're preparing your return with a spouse, check the box next to the spouse who's reporting the self-employment expenses
- The instructions for this step depend on how much of your return you've completed so far, so follow the instructions below that match what you see on-screen:
- If you see the Your Self-Employment or Business Summary step and want to enter business expenses for a business not listed on-screen, select Enter New Business, then follow the instructions to reach the expenses section
- If you see the Your Self-Employment or Business Summary step and want to enter business expenses for a business listed on-screen, select Edit next to that business, then follow the instructions to reach the expenses section
- If you see the What kind of self-employment work do you do? step, answer the question, then select Continue. Follow the instructions to reach the expenses section
- You've finished the expenses section when you reach the Did you have any fixed assets? step
Thank you for choosing TurboTax.
April 14, 2023
7:00 AM