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Free File is for individual, not business, tax returns. However, a sole proprietor who files Schedule C with Form 1040 can use Free File. Some participating Free File vendors also offer free state tax return preparation and e-file. Some Free File companies offer free electronic extensions.
If you choose to use TurboTax Self-Employed, you will need to purchase the Self-Employed plan (for online access) or the Home Business plan (for desktop access) in order to prepare the necessary schedules and forms such as Schedule C.
About Free File Fillable Forms Free File Fillable Forms are electronic federal tax forms you can fill out and file online for free, enabling you to: Choose the income tax form you need. Enter your tax information online. Electronically sign and file your return.
What Is the Minimum Income to File Schedule C? There is no minimum income threshold for filing IRS Schedule C. You must report all business income and expenses on your Schedule C, no matter how much or how little you make. The minimum threshold for paying self-employment tax is $400.
Once you have the correct version of TurboTax you can complete the Schedule C by following these steps: Open or continue with your return. In the Search box type schedule c. Click the Jump to schedule c link in. Answer Yes to Did you have any self-employment income or expenses?
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Schedule Cs are for self-employed people With TurboTax Live Full Service Self-Employed, work with a tax expert who understands independent contractors and freelancers. Your tax expert will do your taxes for you and search 500 deductions and credits so you dont miss a thing. Backed by our Full Service Guarantee.

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