Join us on Wednesday, Nov 13th any time between 9:00 am and 5:00 pm
Pacific Time for our latest installment of our Ask the Experts event
series. If you’re self-employed and want to get you last-minute tax
questions answered for free, this event is fo...read more
I had two condos that I sold on an installment sale last year. I bought
the properties in 2019 for $125K each and sold both for $281K each on an
installment sale last year. I earned about $12,000 each in interest in
2023 and about the same this year....read more
Hello! I am self-employed and because I live and work overseas (thus
qualifying for the foreign earned income exclusion), I am expecting to
have a negative taxable income. What are some strategies I could use to
improve the situation? (i.e., move ded...read more
Hello! I’m self employed as a sole proprietor. I recently married a non
resident alien and we live together overseas. On a part time basis, he
helps me with my business for specific tasks, including translation. Can
I legally hire him as a contractor...read more
Hi there! Thanks for this event. I am self employed with a sole
proprietorship. If I contribute to a solo 401K, will that help to lower
my self-employment taxes? If so, do I need to make an employee or an
employer contribution? Thank you!
I am a Turbotax desktop Home and Business Edition user.My MTM election
was submitted with my 2023 tax return. 3115 Form will be submitted soon
on paper. I don't have anything left from last year (tax year 2023) that
needs to be handled this year. Q1:...read more
1) I was widowed on April 17, 2024, and I have these questions. Am I
able to designate that I am filing as a widow even tho it was less than
half the year? 2) I am self-employed and have been collecting spousal
survivor benefits since May. What are t...read more
Lori_EPosted a month ago
| Latest post a month ago by
KarriC
I formed a professional corp and became S-corp in July. How does it
affect my tax return this year? Specifically, will the section 179
depreciation from my self-employe business get recaptured because I am
no longer self-employed? I will still be usi...read more
wubeibeiPosted a month ago
| Latest post a month ago by
dsoile
I have 2 children who are renting an apartment in NYC. They moved in mid
August 2024 from Long Island. One child is attending grad school in NYC
with no idea where she'll live after. Is she considered a NYC resident
for 2024? She will have been there...read more
gman98Posted a month ago
| Latest post a month ago by
marctu
I have used Turbo Tax for years for filing my personal taxes but was
employed full time as a W2 employee.Last year I lost my full-time job
and my income this year is a lot less and through my single person LLC
in Michigan.My questions about using Tur...read more
kmzimm20Posted a month ago
| Latest post a month ago by
rjs
I am a hairstylist, and I am wondering if there is any benefit of
becoming a single member LLC, over a sole proprietorship in terms of
paying less taxes? im currently a salon owner as a member of a 3 person
LLC, and we get some QBI deductions . I am ...read more
Heleniporter Posted a month ago
| Latest post a month ago by
rjs
I just got the 2024 desktop version but cannot download due to this
message... "You can’t use this version of the application “TurboTax
2024” with this version of macOS."I tried to update my Mac but due to
the age of my Mac, I am unable to....Can I s...read more
shedendPosted a month ago
| Latest post a month ago by
VolvoGirl