Ask HN: what taxes/tax forms does a freelancer need to submit?

Re:Ask HN: what taxes/tax forms does a freelancer need to su... by maguay on Tuesday October 12, 2010 @04:19AM (#1782701)

Have you used TurboTax for this type of tax return? How complex was your return when you used it?

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Re:Ask HN: what taxes/tax forms does a freelancer need to su... by fliph on Tuesday October 12, 2010 @09:15AM (#1783200)

I've used TurboTax for my return for the last five (?) years; I have a full-time job (W-2), but I also do a fair amount of freelancing (1099).

I doubt that I would be able to do my return on my own without TurboTax; it walks you through all of the deductions you can take if you have contracting income - the portion of your mortgage that applies to your home office, any whole-house improvements you made to your home (heating/roofing/etc.), any improvements you made directly to your home office, depreciation of assets used solely for your job, etc. I'm sure that the ~$50 I spend on TurboTax each year is more than offset by the money it saves me.

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Re:Ask HN: what taxes/tax forms does a freelancer need to su... by bdclimber14 on Tuesday October 12, 2010 @04:13PM (#1784743)

Honestly, even if you understand the forms well, TurboTax is decent software to manage the process. OK it's crappy software... but it's better than spreadsheets.

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Re:Ask HN: what taxes/tax forms does a freelancer need to su... by bdclimber14 on Tuesday October 12, 2010 @04:11PM (#1784732)

Yep, and significantly more complex returns as well for the past 5-6 years.

Partnerships are very complex returns, and I was able to do a return for that.

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Re:Ask HN: what taxes/tax forms does a freelancer need to su... by maguay on Wednesday October 13, 2010 @11:39AM (#1787488)

Nice ... thanks everyone for the info!

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