Small Business, Farm & Startup Tax Forum

Business & farm

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

Can I register an LLC in New Mexico for a virtual business, but operate virtually from any state?

I'm creating an App that can be used and downloaded in any state. For anonymity purposes, cost, and the benefit of avoiding additional fees for multiple DBAs, I would like to register the business in New Mexico. This is a virtual business that I can ... read more

How does information on Schedule K-3 about US source income and deductions get reported on the Turbo Tax page about 199A income?

I have 199A income but nothing on Schedule A about W-2 wages etc. (the partnership is an ongoing, active business.) So I need to use the info on Schedule K-3. But the line items on the K-3 don't match up with the line items on the 199A input page in ... read more

Where do I enter old schedule E info for prior year filing? (using Home & Business)

Does 2023 require Schedule E for Landlord?

schedule 1 part 1 8z list 12,832 for qual state tuition prgm from 1099-1. Why was that added as other income? All distributions were qualified expenses.

Turbo Tax problem 'Sch K-1 Wks - Partnerships: Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A'. Where do I enter this income?

I received a NYS IT-204-IP. In Partners Credit information, Part 2, there is a code 256 with an amount. It won't fill in the correct section on IT-256. Thoughts?

TurboTax only allows me to fill in Part 1 of IT-256 as opposed to Part 2 which is where this info goes from pass thru activities. Any insight how to make this flow correctly?

where do i enter the purchase of a 6000+ lb SUV for my business? The "Assets" section under Biz Income & Expenses does not have a category for vehicles?

Top Contributors

User

Count

Meet your expertsAll Experts >

Employee Tax Expert

Enrolled Agent

Spotlight

Tax Law Changes - One Big Beautiful Bill | Ask the Experts

The 5 Filing Statuses - Get it Right!

Home Office: Pros, Cons, & Taxes!

Expert does your taxes

Do it yourself

Resources

Support

Featured Topics

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

Vehicle Deductions: All You Need to Know!

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

Quick Links for Self-employed & Gig Workers!

Can I register an LLC in New Mexico for a virtual business, but operate virtually from any state?

How does information on Schedule K-3 about US source income and deductions get reported on the Turbo Tax page about 199A income?

Where do I enter old schedule E info for prior year filing? (using Home & Business)

schedule 1 part 1 8z list 12,832 for qual state tuition prgm from 1099-1. Why was that added as other income? All distributions were qualified expenses.

Turbo Tax problem 'Sch K-1 Wks - Partnerships: Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A'. Where do I enter this income?

I received a NYS IT-204-IP. In Partners Credit information, Part 2, there is a code 256 with an amount. It won't fill in the correct section on IT-256. Thoughts?

Financial Planner 401k Management Fees

Help with 8822 form questions?

Can you check if completed the company taxes 2023 with Turbo Tax? Those were the last ones

I am not using turbo tax to file this year, however I need my depreciation schedule from 2023. How can I access that?

where do i enter the purchase of a 6000+ lb SUV for my business? The "Assets" section under Biz Income & Expenses does not have a category for vehicles?

Unlock tailored help options in your account.

Get more help

Ready to start your taxes?

Do you have a TurboTax Online account?

Featured Topics

Unlock tailored help options in your account.

Get more help

Ready to start your taxes?