Remove Self Employment in Turbotax: Step-by-Step Guide

If you’re self-employed and using TurboTax to file your taxes, you may have found yourself in a situation where you need to remove self-employment information from your return. Whether it’s due to a change in your business situation, or you accidentally entered the wrong information, removing self-employment information can be a tricky process. In this guide, we’ll show you step-by-step how to remove self-employment from TurboTax and make sure your tax return is accurate.

Step 1: Open Your Tax Return

The first step in removing self-employment information from TurboTax is to open your tax return. Once you’ve logged in, select the “Take me to my return” button on the home screen. This will take you to your return dashboard, where you can view and edit your tax return.

Step 2: Navigate to the Self-Employment Section

Next, you’ll need to navigate to the self-employment section of your tax return. To do this, click on the “Federal Taxes” tab at the top of the screen. From there, select “Wages & Income”, which will take you to the section of your return that deals with all types of income. Scroll down until you see the “Self-Employment” section, and click on it to open it up.

Step 3: Remove Self-Employment Information

Once you’re in the self-employment section, you can begin the process of removing your self-employment information. First, you’ll need to identify which forms or schedules include self-employment income. This will likely include a Schedule C or Schedule SE, which are used to report income from self-employment. Click on each form or schedule that includes self-employment income, and go through the information to remove any sections that are no longer accurate.

Step 4: Review Your Return for Accuracy

After you’ve removed the self-employment information, it’s important to carefully review your tax return to make sure all the information is accurate. Look through each section to make sure the right amounts are entered and that there are no errors or omissions. You may also want to double-check the calculations and make sure your total for all income and deductions is correct.

Step 5: File Your Return

Once you’re satisfied that your tax return is accurate, you can file it with the IRS. TurboTax will guide you through the process of submitting your return electronically, and you’ll receive confirmation when it’s been received by the IRS. If you’re owed a refund, it should be processed within a few weeks. If you owe taxes, you’ll need to make a payment before the filing deadline to avoid any penalties or interest charges.

Conclusion

Removing self-employment information from TurboTax can be a daunting process, but it’s important to make sure your tax return is as accurate as possible. By following these steps and carefully reviewing your return, you can ensure that you’re not overpaying or underpaying your taxes. If you’re still unsure about any aspect of the process, you can always consult with a tax professional or contact TurboTax customer support for assistance.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *