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For investors, rental property owners, freelancers, and the self-employed to seamlessly and accurately report income.
Whether you’re an investor, independent contractor, or self-employed, we’ll provide complete coverage and guide you step-by-step to get you every dollar you deserve, guaranteed.
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Great for stocks, crypto, bonds, ESPPs and more
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Covers rental property income and tax deductions
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Searches 500
deductions and credits -
Get your maximum tax refund, guaranteed
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Sync your accounts and we’ll find self-employment deductions1
1 Limited availability. Feature currently for use on a single Schedule C tax form only.
Auto-import crypto transactions for effortless reporting
Read about importing crypto transactions at our Crypto Info Center, or watch this short video to learn more.
Getting started with TurboTax is easy
Tell us about your life and we’ll guide you step by step. Jumpstart your taxes with last year’s info.
Snap a photo of your W-2, 1099-K, or 1099-NEC and we’ll put your info in the right places.
CompleteCheck™ scans your return so you can be confident it’s 100% accurate.
You won’t pay for TurboTax until it’s time to file and you’re fully satisfied.
We’re committed to getting you every dollar you deserve, guaranteed.
What customers are saying about TurboTax Premium
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So easy and accurate
“TurboTax makes doing self employment taxes a breeze and it doesn't cost your whole refund to file. I have used TurboTax Premium for 3 years and will not use anything else. It guides you step by step on your income, deductions and everything else. So simple, I love it.”
Alicia98, Alto, TX
2024 TurboTax Premium
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TurboTax user for life
“My husband and I have been using TurboTax for several years now. As we've grown, so have our freelance businesses and rental incomes and TurboTax makes it easy to file fast and accurate returns saving us the max on tax.”
Whitp23, Augusta, SC
2024 TurboTax Premium
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Great service to use
“TurboTax Premium is easy to use. Even though I am filing as an independent contractor and there is more to process, TurboTax makes it easy to follow for freelancing. I’ve been using TurboTax for years now. ”
Morehouse2014, Hillsboro, OR
2024 TurboTax Premium
*Actual customer testimonials.
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All TurboTax Premium features
 
-
For Investors and rental property owners
-
For self-employed workers and freelancers
-
Easily import your investment info
We can automatically import investment info from hundreds of participating financial institutions.
-
Find industry-specific deductions
Maximize unique deductions across diverse industries: Real Estate, Delivery Driving, Specialty-Trade Construction, Personal Services, Online Retail, Rideshare, Professional Consulting, and many more.
-
Accurate investment tax reporting
We’ll help you report sales of stocks, crypto, bonds, and mutual funds. We’ll calculate capital gains/losses, too.
-
Ideal for 1099-NEC income
Whether you’re getting started or been self-employed for a while, we’re uniquely designed for independent contractors, gig-workers, and freelancers.
-
Bitcoin and other crypto are covered
Sold crypto? We can handle it. We'll calculate your gains or losses and make sure they are reported accurately.
-
Snap & auto-fill your 1099-NEC or 1099-K
Easily and conveniently upload your 1099-NEC or 1099-K with just a snap from your smartphone.
-
Robust investment reporting
TurboTax Premium is capable of handling over 10,000 stock transactions and 20,000 crypto transactions, so you’re covered no matter how much you trade.
-
Create employer forms in minutes
Easily create and E-File W-2s and 1099s for your employees and contractors using Quick Employer Forms
-
Uncover every credit and deduction
We search for hundreds of credits and deductions like charitable contributions, mortgage interest, property taxes, and the Child Tax Credit.
-
Mileage and vehicle deductions
We'll figure out if you get a bigger deduction by claiming actual expenses or by using the standard mileage rate.
-
Great for rental property owners
Calculating and reporting rental depreciation is made simple with TurboTax.
-
Deduct new business expenses
We’ll show you the startup tax deductions for new businesses so you can get the maximum refund you deserve.
-
Employee stock plan support
Bought or sold employee stock? Easily determine your correct basis for stocks purchased and more with TurboTax.
-
Home office expense help
Have a home office? We'll help you determine what you can deduct and do all the calculations for you, along with tips on how to best manage your home office deductions.
-
Year-round investment support
Get your estimated tax outcome throughout the year, holistic investment portfolio insights, and seamlessly jumpstart tax filing.
-
Schedule C import (prior year PDF import)
Save even more time by easily importing a PDF of last year’s tax return from another major tax prep software.
Help & support
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Help when you need it
Get quick answers from our live human specialists, online FAQs, or customer forums.
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Need help from a tax expert?
Choose TurboTax Live Assisted Premium to get unlimited expert advice as you do your own taxes or TurboTax Live Full Service and let an expert do taxes for you, start to finish. A local tax expert matched to your unique situation will find every dollar you deserve and get your taxes done right - as soon as today.
Commonly Filed Tax Forms and Schedules
Free Edition
–
Basic Live
Deluxe
–
Deluxe Live
Premium
–
Premium Live
1040U.S. Individual Income Tax Return
Schedule EICEarned Income Credit
Schedule 1Additional Income and Adjustments to Income
Schedule 3Additional Credits and Payments
Schedule AItemized Deductions
Schedule BInterest and Dividend Income
Schedule CProfit or Loss from Business (Income)
Schedule SESelf-Employment Tax
Schedule DCapital Gains and Losses
Schedule ESupplemental Income and Loss, including rental property
Schedule CProfit or Loss from Business (Expenses)
Other Tax Forms and Schedules
Free Edition
–
Basic Live
Deluxe
–
Deluxe Live
Premium
–
Premium Live
Form 1040-ESEstimated Tax for Individuals
Form 1040-VPayment Vouchers
Form 1040X'Amended U.S. Individual Income Tax Return
Form 1095-AHealth Insurance Marketplace Statement
Form 1098-EStudent Loan Interest Statement
Form 1099-DIVDividends and Distributions
Form 1099-INTInterest Income
Form 1099-OIDOriginal Issue Discount
Form 1099-RDistributions From Pensions, Annuities, Retirement, etc.
Form 1310Statement of Person Claiming Refund Due a Deceased Taxpayer
Form 14039Identity Theft Affidavit
Form 2120Multiple Support Declaration
Form 2210/2210AIUnderpayment of Tax/Annualized Income
Form 4506Request for Copy of Tax Form
Form 4852Substitute for Form W-2 or 1099-R
Form 4868Application for Automatic Extension of Time to File
Form 8332Release of Claim to Exemption for Child of Divorced or Separated Parents
Form 8379Injured Spouse Allocation
Form 8453U.S. Individual Income Tax Transmittal for an IRS E-File Return
Schedule 8812Additional Child Tax Credit
Form 8822Change of Address
Form 8857Request for Innocent Spouse Relief
Form 8862Information to Claim Certain Refundable Credits After Disallowance
Form 8888Direct Deposit of Refund
Form 9465Installment Agreement Request
Form W-2Wages and Tax Statement
Form W-4Employee's Withholding Allowance Certificate
Schedule LEPRequest for Change in Language Preference
Form 1099-KPayment Card and Third Party Network Transactions
Form 1098Mortgage Interest Statement
Form 1098-CContributions of Motor Vehicles, Boats and Airplanes
Form 1098-TTuition Statement
Form 1099-AAcquisition or Abandonment of Secured Property
Form 1099-CCancelation of Debt
Form 1099-GUnemployment Income and other government payments
Form 1099-MISCMiscellaneous Income
Form 1099-NECNon Employee Compensation
Form 1099-QPayments From Qualified Education Programs
Form 1099-SADistributions from an HSA, Archer MSA, or Medicare Advantage MSA
Form 1116/AMTAMT Foreign Tax Credit/Foreign Tax Credit
Form 2106Employee Business Expenses
Form 2441Child and Dependent Care Expenses
Form 2555Foreign Earned Income
Form 3903Moving Expenses
Form 4137Tax on Unreported Tip Income
Form 4562Depreciation and Amortization
Form 4684Casualties and Theft
Form 4952/AMTAMT Investment Interest Expense Deduction/Investment Interest Expense Deduction
Form 4972Tax on Lump-Sum Distributions
Form 5329Additional Taxes on Qualified Plans (including IRAs)
Form 5405First-Time Homebuyer Credit and Repayment of the Credit
Form 5695Residential Energy Credits
Form 6251Alternative Minimum Tax
Form 8283Non-cash Charitable Contributions
Form 8396Mortgage Interest Credit
Form 8582/AMT/CRPassive Activity Loss Limitations/AMT/Credit Limitations
Form 8606Nondeductible IRAs
Form 8615Tax for Certain Children who have Unearned Income
Form 8801Credit for Prior Year Minimum Tax
Form 8814Parents' Election To Report Child's Interest and Dividends
Form 8815Exclusion of Interest from Series EE and I U.S. Savings Bonds
Form 8834Qualified Electric Vehicle Credit
Form 8839Qualified Adoption Expenses
Form 8853Archer MSAs and Long-Term Care Insurance Contracts
Form 8859Carryforward of D.C. First-Time Homebuyer Credit
Form 8863Education Credits
Form 8880Credit for Qualified Retirement Savings Contributions
Form 8889Health Savings Account
Form 8910Alternative Motor Vehicle Credit
Form 8911Alternative Fuel Vehicle Refueling Property Credit
Form 8915FQualified Disaster Retirement Plan Distribution and Repayments
Form 8919Uncollected Social Security and Medicare Tax on Wages
Form 8936Qualified Plug-in Electric Drive Motor Vehicle Credit
Form 8938Statement of Specified Foreign Financial Assets
Form 8958Allocation of Community Property Amounts
Form 8959Additional Medicare Tax
Form 8960Net Investment Income Tax
Form 8962Premium Tax Credit
Form 982Reduction of Tax Attributes Due to Discharge of Indebtedness
Form SS-4Application for Employer Identification Number
Form W-2GCertain Gambling Winnings
Schedule HHousehold Employment Taxes
Schedule RCredit for Elderly or Disabled
Form 8994Employer Credit for Paid Family and Medical Leave
Form 8995Qualified Business Income Deduction
Form 8995-AQualified Business Income Deduction Simplified Computation
Form 8995-A Sch ASpecified Service Trades or Businesses
Form 8995-A Sch BAggregation of Business Operators
Form 8995-A Sch CLoss Netting and Carryforward
Form 8995-A Sch DSpecial Rules for Patrons of Agricultural or Horticultural Cooperatives
Form 1099-BProceeds from Broker Transactions
Form 2210-FUnderpayment of Estimated Tax by Farmers and Fishermen
Form 2439Notice to Shareholder of Undistributed Long-Term Capital Gains
Form 3468Investment Credit
Form 3800General Business Credit
Form 4136Credit for Federal Tax Paid on Fuels
Form 4255Recapture of Investment Credit
Form 4797Sales of Business Property
Form 4835Farm Rental Income and Expenses
Form 6198At-Risk Limitations
Form 6252Installment Sale Income
Form 6781Gains/Losses from Section 1256 Contracts and Straddles
Form 8586Low-Income Housing Credit
Form 8824Like-Kind Exchange
Form 8949Sales and Other Dispositions of Capital Assets
Schedules K-1 (Form 1041)Estates and Trusts
Schedules K-1 (Form 1065)Partner's Share of Income, Credits, Deductions
Schedules K-1 (Form 1120S)Shareholder's Share of Income, Credits, etc.
Schedules K-3 (Form 1065)Partner's Share of Income, Deductions, Credits, etc.-International
Schedules K-3 (Form 1120S)Shareholder's Share of Income, Credits, etc-International
Form 8829Expenses for Business Use of Your Home
Form 8881Credit for Small Employer Pension Plan Startup Costs
Form 8941Credit for Small Employer Health Insurance Premiums
Schedule FProfit or Loss from Farming
Schedule JIncome Averaging for Farmers and Fishermen
Minimum Operating Systems and Browsers
Windows
-
Windows 10.x
- Firefox 68.x
- Edge 17
- Chrome 74.x
- Opera 64.x
-
Windows 8.1
- Firefox 68.x
- Edge 17
- Chrome 74.x
- Opera 64.x
Mac
-
Mac OS 11.0
(Big Sur)- Safari 14.x
- Chrome 83.x
- Firefox 77.x
- Edge
- Opera 64.x
-
Mac OS X 10.15.x (Catalina)
- Safari 13.x
- Chrome 77.x
- Firefox 70.x
- Edge
- Opera 64.x
-
Mac OS X 10.14.x (Mojave)
- Safari 13.x
- Chrome 74.x
- Firefox 68.x
- Edge
- Opera 64.x
Mobile / Other
-
iOS 12.x
- Safari
- Chrome
- Firefox
-
Android 7.x
- Chromium default browser
-
Chromebook
- Chrome
All TurboTax Premium features
 
-
For Investors and rental property owners
-
Easily import your investment info
We can automatically import investment info from hundreds of participating financial institutions.
-
Accurate investment tax reporting
We’ll help you report sales of stocks, crypto, bonds, and mutual funds. We’ll calculate capital gains/losses, too.
-
Bitcoin and other crypto are covered
Sold crypto? We can handle it. We'll calculate your gains or losses and make sure they are reported accurately.
-
Robust investment reporting
TurboTax Premium is capable of handling over 10,000 stock transactions and 20,000 crypto transactions, so you’re covered no matter how much you trade.
-
Uncover every credit and deduction
We search for hundreds of credits and deductions like charitable contributions, mortgage interest, property taxes, and the Child Tax Credit.
-
Great for rental property owners
Calculating and reporting rental depreciation is made simple with TurboTax.
-
Employee stock plan support
Bought or sold employee stock? Easily determine your correct basis for stocks purchased and more with TurboTax.
-
Personalized tips to maximize your tax outcome
Answer simple questions and let our technology help you get the best tax outcome, even in the most complex investment scenarios.
-
For self-employed workers and freelancers
-
Find industry-specific deductions
Maximize unique deductions across diverse industries: Real Estate, Delivery Driving, Specialty-Trade Construction, Personal Services, Online Retail, Rideshare, Professional Consulting, and many more.
-
Ideal for 1099-NEC income
Whether you’re getting started or been self-employed for a while, we’re uniquely designed for independent contractors, gig-workers, and freelancers.
-
Snap & auto-fill your 1099-NEC or 1099-K
Easily and conveniently upload your 1099-NEC or 1099-K with just a snap from your smartphone.
-
Import from QuickBooks Self-Employed
We'll automatically import your QuickBooks Self-Employed income and expense accounts and classify them for you.
-
Mileage and vehicle deductions
We'll figure out if you get a bigger deduction by claiming actual expenses or by using the standard mileage rate.
-
Deduct new business expenses
We’ll show you the startup tax deductions for new businesses so you can get the maximum refund you deserve.
-
Home office expense help
Have a home office? We'll help you determine what you can deduct and do all the calculations for you, along with tips on how to best manage your home office deductions.
-
Schedule C import (prior year PDF import)
Save even more time by easily importing a PDF of last year’s tax return from another major tax prep software.
Help & support
-
Community help
Get unlimited access to the helpful TurboTax community if you have questions about doing your taxes.
-
Need help from a tax expert?
Choose TurboTax Live Assisted Premium to get unlimited expert advice as you do your own taxes or TurboTax Live Full Service Premium to get matched to a dedicated tax expert who will do your taxes for you, start to finish.
Commonly Filed Tax Forms and Schedules
Free Edition
–
Basic Live
Deluxe
–
Deluxe Live
Premium
–
Premium Live
1040U.S. Individual Income Tax Return
Schedule EICEarned Income Credit
Schedule 1Additional Income and Adjustments to Income
Schedule 2Additional Taxes
Schedule 3Additional Credits and Payments
Schedule AItemized Deductions
Schedule BInterest and Dividend Income
Schedule CProfit or Loss from Business (Income)
Schedule SESelf-Employment Tax
Schedule DCapital Gains and Losses
Schedule ESupplemental Income and Loss, including rental property
Schedule CProfit or Loss from Business (Expenses)
Other Tax Forms and Schedules
Free Edition
–
Basic Live
Deluxe
–
Deluxe Live
Premium
–
Premium Live
Form 1040-ESEstimated Tax for Individuals
Form 1040-VPayment Vouchers
Form 1040X'Amended U.S. Individual Income Tax Return
Form 1095-AHealth Insurance Marketplace Statement
Form 1098-EStudent Loan Interest Statement
Form 1099-DIVDividends and Distributions
Form 1099-INTInterest Income
Form 1099-OIDOriginal Issue Discount
Form 1099-RDistributions From Pensions, Annuities, Retirement, etc.
Form 1310Statement of Person Claiming Refund Due a Deceased Taxpayer
Form 14039Identity Theft Affidavit
Form 2120Multiple Support Declaration
Form 2210/2210AIUnderpayment of Tax/Annualized Income
Form 4506Request for Copy of Tax Form
Form 4852Substitute for Form W-2 or 1099-R
Form 4868Application for Automatic Extension of Time to File
Form 8332Release of Claim to Exemption for Child of Divorced or Separated Parents
Form 8379Injured Spouse Allocation
Form 8453U.S. Individual Income Tax Transmittal for an IRS E-File Return
Schedule 8812Additional Child Tax Credit
Form 8822Change of Address
Form 8857Request for Innocent Spouse Relief
Form 8862Information to Claim Certain Refundable Credits After Disallowance
Form 8888Direct Deposit of Refund
Form 9465Installment Agreement Request
Form W-2Wages and Tax Statement
Form W-4Employee's Withholding Allowance Certificate
Schedule LEPRequest for Change in Language Preference
Form 1099-KPayment Card and Third Party Network Transactions
Form 1098Mortgage Interest Statement
Form 1098-CContributions of Motor Vehicles, Boats and Airplanes
Form 1098-TTuition Statement
Form 1099-AAcquisition or Abandonment of Secured Property
Form 1099-CCancelation of Debt
Form 1099-GUnemployment Income and other government payments
Form 1099-MISCMiscellaneous Income
Form 1099-NECNon Employee Compensation
Form 1099-QPayments From Qualified Education Programs
Form 1099-SADistributions from an HSA, Archer MSA, or Medicare Advantage MSA
Form 1116/AMTAMT Foreign Tax Credit/Foreign Tax Credit
Form 2106Employee Business Expenses
Form 2441Child and Dependent Care Expenses
Form 2555Foreign Earned Income
Form 3903Moving Expenses
Form 4137Tax on Unreported Tip Income
Form 4562Depreciation and Amortization
Form 4684Casualties and Theft
Form 4952/AMTAMT Investment Interest Expense Deduction/Investment Interest Expense Deduction
Form 4972Tax on Lump-Sum Distributions
Form 5329Additional Taxes on Qualified Plans (including IRAs)
Form 5405First-Time Homebuyer Credit and Repayment of the Credit
Form 5695Residential Energy Credits
Form 6251Alternative Minimum Tax
Form 8283Non-cash Charitable Contributions
Form 8396Mortgage Interest Credit
Form 8582/AMT/CRPassive Activity Loss Limitations/AMT/Credit Limitations
Form 8606Nondeductible IRAs
Form 8615Tax for Certain Children who have Unearned Income
Form 8801Credit for Prior Year Minimum Tax
Form 8814Parents' Election To Report Child's Interest and Dividends
Form 8815Exclusion of Interest from Series EE and I U.S. Savings Bonds
Form 8834Qualified Electric Vehicle Credit
Form 8839Qualified Adoption Expenses
Form 8853Archer MSAs and Long-Term Care Insurance Contracts
Form 8859Carryforward of D.C. First-Time Homebuyer Credit
Form 8863Education Credits
Form 8880Credit for Qualified Retirement Savings Contributions
Form 8889Health Savings Account
Form 8910Alternative Motor Vehicle Credit
Form 8911Alternative Fuel Vehicle Refueling Property Credit
Form 8915FQualified Disaster Retirement Plan Distribution and Repayments
Form 8919Uncollected Social Security and Medicare Tax on Wages
Form 8936Qualified Plug-in Electric Drive Motor Vehicle Credit
Form 8938Statement of Specified Foreign Financial Assets
Form 8958Allocation of Community Property Amounts
Form 8959Additional Medicare Tax
Form 8960Net Investment Income Tax
Form 8962Premium Tax Credit
Form 982Reduction of Tax Attributes Due to Discharge of Indebtedness
Form SS-4Application for Employer Identification Number
Form W-2GCertain Gambling Winnings
Schedule HHousehold Employment Taxes
Schedule RCredit for Elderly or Disabled
Form 8994Employer Credit for Paid Family and Medical Leave
Form 8995Qualified Business Income Deduction
Form 8995-AQualified Business Income Deduction Simplified Computation
Form 8995-A Sch ASpecified Service Trades or Businesses
Form 8995-A Sch BAggregation of Business Operators
Form 8995-A Sch CLoss Netting and Carryforward
Form 8995-A Sch DSpecial Rules for Patrons of Agricultural or Horticultural Cooperatives
Form 1099-BProceeds from Broker Transactions
Form 2210-FUnderpayment of Estimated Tax by Farmers and Fishermen
Form 2439Notice to Shareholder of Undistributed Long-Term Capital Gains
Form 3468Investment Credit
Form 3800General Business Credit
Form 4136Credit for Federal Tax Paid on Fuels
Form 4255Recapture of Investment Credit
Form 4797Sales of Business Property
Form 4835Farm Rental Income and Expenses
Form 6198At-Risk Limitations
Form 6252Installment Sale Income
Form 6781Gains/Losses from Section 1256 Contracts and Straddles
Form 8586Low-Income Housing Credit
Form 8824Like-Kind Exchange
Form 8949Sales and Other Dispositions of Capital Assets
Schedules K-1 (Form 1041)Estates and Trusts
Schedules K-1 (Form 1065)Partner's Share of Income, Credits, Deductions
Schedules K-1 (Form 1120S)Shareholder's Share of Income, Credits, etc.
Schedules K-3 (Form 1065)Partner's Share of Income, Deductions, Credits, etc.-International
Schedules K-3 (Form 1120S)Shareholder's Share of Income, Credits, etc-International
Form 8829Expenses for Business Use of Your Home
Form 8881Credit for Small Employer Pension Plan Startup Costs
Form 8941Credit for Small Employer Health Insurance Premiums
Schedule FProfit or Loss from Farming
Schedule JIncome Averaging for Farmers and Fishermen
Minimum Operating Systems and Browsers
Windows
-
Windows 10.x
- Firefox 68.x
- Edge 17
- Chrome 74.x
- Opera 64.x
-
Windows 8.1
- Firefox 68.x
- Edge 17
- Chrome 74.x
- Opera 64.x
Mac
-
Mac OS 11.0
(Big Sur)- Safari 14.x
- Chrome 83.x
- Firefox 77.x
- Edge
- Opera 64.x
-
Mac OS X 10.15.x (Catalina)
- Safari 13.x
- Chrome 77.x
- Firefox 70.x
- Edge
- Opera 64.x
-
Mac OS X 10.14.x (Mojave)
- Safari 13.x
- Chrome 74.x
- Firefox 68.x
- Edge
- Opera 64.x
Mobile / Other
-
iOS 12.x
- Safari
- Chrome
- Firefox
-
Android 7.x
- Chromium default browser
-
Chromebook
- Chrome
Your tax refund, your way
Get your refund as a check, direct deposit, or up to 5 days early* on a Credit Karma Money™ checking or savings account. *Terms apply.
NEW! File your small business taxes online with expert help
Put your small business in good hands. Let our credentialed small business tax experts help or even do your taxes for you.
Frequently asked questions
You’ll only need your email address and a phone number to get started. Just answer a few simple questions and you're on your way.
If you don’t have your forms on hand, you can auto-import your info from your W–2s or 1099s directly from more than a million participating employers and financial institutions.
Learn more about importing into TurboTax.
Eventually, for more complex tax situations, you may need additional documents like mortgage statements or other detailed financial information. But since we save your return as you go, you can finish anytime.
Yes. We offer free one-on-one audit guidance year-round from our experienced and knowledgeable tax staff. We'll let you know what to expect and how to prepare in the unlikely event you receive an audit letter from the IRS.
If you've already received a letter from the IRS for a return you filed with TurboTax, please review our Audit Support Guarantee for instructions on how to receive FREE step–by–step audit guidance and the option to connect with an expert.
We also offer full audit representation for an additional fee with TurboTax Audit Defense.
Yes, TurboTax Premium covers all forms needed to report self-employment or investment income. TurboTax Premium can be used by self-employed workers, freelancers, investors, rental property owners, and more.
The best way to file is up to you. TurboTax Premium is a great solution if you feel comfortable doing your own taxes. If you want to do your own taxes with unlimited expert help as you go, choose TurboTax Live Assisted Premium. Or have a dedicated expert do your self-employment and investment taxes for you with TurboTax Live Full Service.
If you trade stocks, you should file with TurboTax Premium. With TurboTax Premium, you can report sales from stocks, crypto, and bonds.
Investors are not required to use a CPA and can use online tax software like TurboTax Premium to report investments. If you want unlimited expert help as you do your own taxes, choose TurboTax Live Assisted Premium. You can also have a dedicated expert do your investment taxes for you with TurboTax Live Full Service.
If you are a creator, influencer, rideshare driver, work a side gig or other self-employed business and you accept credit, debit, or prepaid cards you may receive Form 1099-K, reporting self-employment payments processed by the third party if you have aggregate payments exceeding $20,000 and more than 200 transactions.
If you are an online seller selling on platforms like Ebay, Airbnb, Etsy, and VRBO with sales at the aggregate of more than $20,000 and more than 200 transactions you could also receive a form 1099-K even if you do occasional sales and consider it a hobby.
One thing to remember is if you are self-employed, you are always supposed to claim your self-employed income regardless of the amount and if your net income is $400 or more you are supposed to file a tax return reporting your self-employment income, since you need to pay self-employment taxes. Don’t worry about paying taxes on the entire amount reported on Form 1099-K. You can claim your expenses directly related to your business, lowering your income reported on Form 1099-K.
Get your taxes done right and your biggest tax refund — guaranteed
-
Your tax return, backed for life™
100% accurate calculations, audit support, and your max refund. All backed for the full 7-year life of your tax return.
-
Searches for tax deductions
TurboTax finds every tax deduction and credit you qualify for to boost your tax refund.
-
Taxes done right
TurboTax calculations are 100% accurate so your taxes will be done right, guaranteed, or we'll pay you any IRS penalties.
