Schedule C - Entering Sole Proprietorship in Program
1
If you own a business, freelance, or earn money through gig work, you are generally considered self-employed. Enter the income and expenses related to your business on Schedule C, following the steps below.
You may receive Form 1099-NEC or Form 1099-K reporting income or transactions related to your self-employment. You will select all applicable income forms when asked about the forms of income or income sources that you have during the Schedule C interview process.
Online
Dashboard
From within your TaxAct return, click Income.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Expand the Business & Self Employed section.
Click Add beside Self-Employment/Gig Work (Schedule C).
Continue with the interview process to enter your information.
Classic
From within your TaxAct return, click Federal.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Business Income drop-down, then click Business income or loss from a sole proprietorship.
Click Add Schedule C.
Continue with the interview process to enter your information.
Desktop
From within your TaxAct return, click Federal.
Click the Business Income drop-down, then click Business income or loss from a sole proprietorship.
Click Add beside Schedule C.
Continue with the interview process to enter your information.