In past years (and perhaps I did it wrong), when I check the maximize
401k deduction box (for my sole proprietorship), it gives me a figure
that I am allowed to deduct from my income ALONG WITH the standard
(half) of my self employment taxes. This ye...read more
Lyft and Uber provides an Annual Tax Summary which lists Expenses, Fees,
and Taxes that I enter into our joint income tax return as deductions.
These companies also provide me with forms 1099-NEC and 1099-K with a
monthly breakdown of gross amounts p...read more
The OK SCorp program (512-S) of the Turbo Tax Desktop Business program
did not provide a way to enter and submit OW-8-P-SUP-C, which annualizes
my business income over 4 qtrs, allowing me to avoid penalty and
interest for underwithholding. This is ve...read more
A payer I worked for in 2016 sent me a 1099-NEC for the year 2023, when
I did not work for them in 2023, and he did not pay me any money in
2023. I know this payer; he has done something similar to me in 2017,
sending me and others who used to work f...read more
I am a sole proprietor working in data science / computer science. I am
doing a computer science masters program that "maintains or improves
skills needed in my present work" and which does NOT "qualify me for a
new trade." I qualify for the Lifetime...read more
jaxobPosted 2 weeks ago
| Latest post 2 weeks ago by
Bsch4477
Hello,how do I enter backdoor sep Roth conversion in TT desktop version
home and business? Was on for 2 hours with 3 different TT experts and
couldn’t figure it out. My 1040 4b is still showing that as Taxable
Income. I entered the 1099R correctly an...read more
tbabeumPosted March 12, 2022
| Latest post 3 weeks ago by
Kimhorn99