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April 12, 2022
Question

Is the form the same for self employed as for W2 people?

  • April 12, 2022
  • 2 replies
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Turbotax keeps referring to W2, if you have a job.. but I'm self employed.. do I continue with this, or is there a different thing I"m supposed to fill out?

2 replies

April 12, 2022
April 12, 2022

Self-employed people do not have the same form as employees receive. Employees receive a W-2 from their employer to report their income.

 

Self-employed people have a few forms that they would use to enter their income into TurboTax.  You could receive a 1099-NEC if you do work for someone as a nonemployee. A 1099-MISC could be another way to report your income. If you take credit cards as payment, this would be reported on a 1099-K. You could be on a cash basis and receive checks or cash for your self-employment.

 

All of your income and expenses are entered in Schedule C.  Here is a TurboTax link to help you get started.

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