Small Business, Farm & Startup Tax Forum

Business & farm

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

no option for residential real estate when adding assets

I purchased another rental home for my business and in the ADD Business ASSETS I can see no option for residential real estate. It gives me options for Non-Residential Property, Qualified Improvement Property, and Specific Qualified Improvements... B... read more

Business expenses

l no longer have a business and I want Schedule C to be deleted from my return. I don't know how to do that. Please help!

Are you able to use Section 179 Depreciation deduction if your business had a loss?

Why two SSA-1099s forms for same person with different amounts in Box 5 but different SS numbers in Box 8?

Box 8 on one form has my spouse's SS number and a B behind it; and on the other form in Box 8 it has my SS number with an A behind it.

E-File Minnesota M8

How to E-File Minnesota M8 for 2023 with Turbo Tax

TTO has not fixed the problem with Schedule K-1 for entering NOL

I am at wit ends with this ! I have a Schedule K-1 that I have to include on my taxes for this year only(2023). Line 11 E is a NOL. The Schedule K-1 on TTO only allows for a positive amount to be entered. I had to file an extension because I could no... read more

How to Claim Small Employer Auto-Enrollment Credit (Form 8881, Part II) for solo 401k

I have a solo 401k and am trying to claim the $500 auto-enrollment credit in Part II (NOT the startup costs credit in Part I). Where do you claim this in Turbotax Home & Business? The only option I see is to claim the credit for startup costs (Part I... read more

Can I edit schedule B

Can I edit form 1040

How can I enter 1099-DIV, 1099-INT and 1099-B forms for Sole Member LLC?

Hi, I'm using Turbotax Home & Business to file my Sole Member LLC and Individual tax returns. I don't see a place to enter 1099-DIV, 1099-INT, and 1099-B form that were issued to my BUSINESS - it's only on the individual tab. Can someone help? Do I n... read more