Personal Income Tax For Sole Proprietor report

Thank you for dropping your concern here in the community, and I appreciate the steps you have taken, @TMoore.

The Personal Income Tax Report for Sole Proprietors is currently unavailable in QuickBooks Online(QBO). However, you can run a Profit and Loss Report that gives you income and expense in QBO.

Let me walk you through the steps on how:

1. Go to Business overview then select Reports, or go to Reports.
2. Select Profit & Loss.
3. Use the basic filters on the report to adjust things like the report dates.

I’ll be sharing these resources to learn which reports are available for your version of QuickBooks Online:

• Reports included in your QuickBooks Online subscription
• Customize reports in QuickBooks Online
• Run a Profit and Loss Comparison Report in QuickBooks Online and Online Accountant
  
  

Let me know if you have further questions about running reports. I'm here to help 24/7.

Why does it have on the Menu>Taxes>Income Taxes> "Review your year-end checklist" if it is not useful? Really confusing. It lists one small deduction only.

Let me help you run a report to view your expenses in QuickBooks Online (QBO), TMoore.

You can run a report of your expenses grouped by category using the Transaction Detail by Account report. To customize the report, you can follow the steps below:

1. Go to the Reports tab.
2. Search for Transaction Detail by Account.
3. Click the Switch to classic view and tick the Customize button, then set the appropriate report date and accounting method.
4. Select the Split checkbox, under Rows/Columns.
5. Head to the Filter section and select these options from the Transaction Type drop-down menu:
   • Bill
   • Bill Payment (Check)
   • Bill Payment (Credit Card)
   • Cash Expense
   • Check
   • Credit Card Expense
   • Credit Card Credit
   • Vendor Credit
6. Select All Expenses Accounts from the Distribution Account drop-down menu.
7. Click Run report.

Furthermore, you can check out this article to learn how to use reports to get helpful insights on the things you buy and sell, and the status of your inventory in QBO: Use reports to see your sales and inventory status.

Don't hesitate to click reply if you have other reports or QuickBooks-related concerns. Stay safe.