Small Business, Farm & Startup Tax Forum

Business & farm

Employee vs Contractor: Which is correct?

As a business owner, it’s important to know how you should treat payments you make to the people who work for you. The simplest explanation is that an “employee” has taxes withheld from their paychecks and receives a W-2 at tax time - while “contract... read more

LLC, Sole Proprietor, S-Corp, Partnership: What’s the Difference?

Creating a Limited Liability Company (LLC) is a common first step when starting a business, and there are good reasons. It’s a legal entity that potentially offers liability protection, but it’s usually easier and less costly to create than a corpora... read more

Can I Deduct My Home Office?

Working from home has its pros and cons! And if you do work from home, a juicy tax break would be a great bonus. Typically, being allowed to take a deduction for your home office is limited to self-employed individuals on the federal (IRS) side, but ... read more

Easily File 1099-NEC or W-2 Forms: Quick Employer Forms (QEF)

Did you pay someone to help with your business? If so, you might need to file a W-2 form for an employee or a Form 1099-NEC for contracted help. If you have bona fide W-2 employees, you’re probably already withholding taxes and you know those W-2 for... read more

Vehicle Deductions: All You Need to Know!

Do you want to drive away with massive vehicle tax deductions? Before you race to the tax-filing finish line, there are things you need to know to ensure that tax win! While vehicle deductions can be huge, there’s a great responsibility to thoroughly... read more

Self-Employed: Don’t Miss These Tax Moves!

You don’t know what you don’t know! For example, did you know that many self-employed taxpayers qualify for a health insurance tax deduction? Or did you know that if you don’t file the proper forms for employers and contractors (on time), the IRS cou... read more

Quick Links for Self-employed & Gig Workers!

Having a business is both exciting and rewarding! But it can be confusing if you don’t know what it means for your tax returns. Whether you’re starting off and plan to conquer the world with your new business, have a side gig for a little extra cash,... read more

Where do I find my Passive Operating Loss to enter on Schedule E?

TurboTax has not calculated this for me automatically.

Turbo Tax and SBTPG scam operation

I purchased Turbo Tax software and paid for it. Turbo Tax has scammed anyone getting an automatic refund deposit by partnering with SBTPG. They essentially charged me as much as the product itself. I DID ALL OF THE TAX PREPARATION MYSELF. The IRS say... read more

Rental Real Estate Expenses not calculating correctly for Turbotax Business 2025

In Turbotax Business 2025, the "Other deductions" entry in Rental Real Estate is not summing the entries properly. The total in the summary is $26,539, but the sum of the total entries is $25,958 for a difference of $580.79. This appears to be a bug.

TurboTax Business 2025 Schedule L

Turbotax Business is not adding assets added in 2025 on Schedule L, Line 9a, column (c). Any suggestions?

How to enter Schedule 1-A?

How to enter Schedule 1-A in Turbo Tax?

MN 70301 Bonus Addback – Line 2b Not Populating (State Depreciation Basis = $0)

After the 2/13 update, Federal reviews clean. Minnesota return fails review due to an issue on the "Adjustments to Federal Taxable Income (FTI) Smart Worksheet."Details:Line 2a (Sec. 70301 bonus addback) is correct and equals exactly 60% of federal b... read more