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posted Jan 31, 2023 3:31:16 PM

I started a nonprofit this year. Does this count as "started a business" when filing personal taxes?

I know we will have to file taxes seperately for the nonprofit, but wasn't sure if I needed to include on my personal taxes when it asks the question if I started a business.

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4 Replies
Level 15
Jan 31, 2023 3:32:07 PM

No.  You say no.

Level 15
Jan 31, 2023 4:08:01 PM

A non-profit will file form 990.  The requires the use of Turbotax Business version, which is only available as a CD or download for PC, there is no online or Mac version.

 

The "regular" Turbotax online, or desktop Home &Business version, is only asking about a single member LLC or sole proprietorship that files a schedule C attached to the personal 1040. 

Level 15
Jan 31, 2023 4:58:59 PM

NONE of the TT programs can handle a form 990. 

https://turbotax.intuit.com/small-business-taxes/

Level 15
Jan 31, 2023 6:01:43 PM

@eisenhauer-17 did you file with the IRS for tax exemption and did you get a letter acknowledging tax exemption and the type of 990 to be filed? if not see a lawyer.