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exzolux
Level 1

I have income from my Etsy shop, Youtube, Fiverr, Amazon. So when I categorize them on my quickbooks account.....

I’m gonna be filing all my business at the same time on tax season ? Categorized as business income. On one schedule c? All the income? I don’t have to separate them ? I also have the turbo tax and quick books self employed bundle that comes with a free filing so I’m wondering if I’ll do all my income streams on that same filing?? How would this work? I’m really confused. 

4 Comments 4
MaryJoyD
QuickBooks Team

I have income from my Etsy shop, Youtube, Fiverr, Amazon. So when I categorize them on my quickbooks account.....

Let me help you record your income and expenses, @exzolux.

 

One QuickBooks Self-Employed account is equivalent to one self-employed business. Also, an account can only generate one Schedule C 1040 Form.

 

In your QuickBooks Self-employed account, you can categorize your business income and expenses. Then, we will calculate your federal estimated quarterly tax payments automatically.

 

If you have the bundled subscription, you can e-file one state and one federal return without filing fees in TurboTax Self-Employed. 

 

You can check this article for more information about your subscription: Upgrade to the QuickBooks Self-Employed and TurboTax Self-Employed bundle

 

For more information on how to account your income and expenses, I’d recommend consulting an accountant to make sure it's recorded correctly.

 

Here's also a guide on how to send QuickBooks Self-Employed tax info to TurboTax Self-Employed or Live.

 

I'm always here if you need more help with your account. Take care and have a wonderful day!

exzolux
Level 1

I have income from my Etsy shop, Youtube, Fiverr, Amazon. So when I categorize them on my quickbooks account.....

So how do I report all of these income streams? :((( I don’t wanna pay for multiple quickbooks accounts ugh

JamesDuanT
Moderator

I have income from my Etsy shop, Youtube, Fiverr, Amazon. So when I categorize them on my quickbooks account.....

Hello exzolux,

 

QuickBooks Self-Employed subscription is good for one business. You'll be able to keep track of your transactions without mixing with the other business records.

 

To track your other business, you might need to sign up for another QBSE account or select a different product that suits your business needs. You might find this link helpful regarding your scenario: https://quickbooks.intuit.com/learn-support/en-us/banking/re-i-am-a-self-employed-realtor-but-i-have....

 

Fee' free to let us know if you need anything else.

Fiat Lux - ASIA
Level 15

I have income from my Etsy shop, Youtube, Fiverr, Amazon. So when I categorize them on my quickbooks account.....

@exzolux 

For your reference

https://quickbooks.intuit.com/learn-support/en-us/new-subscriptions/should-i-use-quickbooks-self-emp...

 

If you have to open a new account, make sure to click the Buy button to get the discounted price for up to 3 months. If you purchase from the trial account, you have to pay the regular rate.

https:// quickbooks.grsm.io/US

https:// quickbooks.grsm.io/us-promo

 

Another option for Etsy sellers

https:// quickbooks.grsm.io/Etsy

 

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