- Oct 30, 2000
- 42,589
- 5
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While this could go in the tax thread - it is critical enough that I chose to have it where anyone will notice it.
TurboTax has free online S/W filing for returns (although, they like all of the suppliers, encourage you to "upgrade for added value")
1099-misc income due to free lance work must be declared
One has an option to pay the full tax including the employer SS percentage by not using a Schedule C (does not require itemization).
If one uses the Schedule C; you can write off expenses related to that income.:thumbsup:
The online TurboTax-Free does not support the Schedule C.
I then switched over to the online H&R Block-Free and was able to use the Schedule C. (Yes, I spent another 30 minutes re-entering the info
)
I can not comment on TaxAct and other providers as to will their free options support the Schedule C
The bottom line for that return was $2300 in 1099-Misc income was causing a $240 tax bill by not using the Schedule C
TurboTax has free online S/W filing for returns (although, they like all of the suppliers, encourage you to "upgrade for added value")
1099-misc income due to free lance work must be declared
One has an option to pay the full tax including the employer SS percentage by not using a Schedule C (does not require itemization).
If one uses the Schedule C; you can write off expenses related to that income.:thumbsup:
The online TurboTax-Free does not support the Schedule C.
I then switched over to the online H&R Block-Free and was able to use the Schedule C. (Yes, I spent another 30 minutes re-entering the info
I can not comment on TaxAct and other providers as to will their free options support the Schedule C
The bottom line for that return was $2300 in 1099-Misc income was causing a $240 tax bill by not using the Schedule C