Small Business, Farm & Startup Tax Forum

Is there any way to add inventories that I personally purchased prior to starting the business but that have become raw materials for my business after starting it up?

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13 Replies

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I am a single member in my business. i have filled out a form 2553 and it was accepted. what to do with W9?

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4 Replies 6842 Views

4 Replies

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Where is income from sales entered on the updated TurboTax for self employed? previous versions allowed for sales to be entered for a retail business.

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I put in a business expense but my "federal tax due" rose

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1 Reply 879 Views

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879 Views

Deducting operating expense for business use of home if business income is reported through w-2 and K-1?

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1 Reply 1274 Views

1 Reply

1274 Views

TurboTax Home and Bus. In Schedule 1, is it correct for a business loss to occur twice, on line 12 (Sch C) and again (the same amt) also on line 17 (Sch E)?

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2 Replies 1022 Views

2 Replies

1022 Views

I have section 1231 gains and losses for farming business. Is the only way to enter this information through 4797 forms or is it included in easy step?

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1 Reply 802 Views

1 Reply

802 Views

In TurboTax Home & Business edition, I'm trying to include consulting income for my LLC, but didn't get some 1099s so I don't have EINs? TurboTax saying they're errors?

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2 Replies 1347 Views

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1347 Views

Why - Using Torbotax Home and Business - Net Schedule C income is 68,583.00 but QBI worksheet lists 42,760.00 as qualified business imncome. Why not 68,853.00???

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2 Replies 1075 Views

2 Replies

1075 Views

I have a disregarded LLC & I have an EIN only banking purposes. Bank issued a 1098 to the EIN. Does the IRS connect EIN & my SSN? Trying to complete Sch E.

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4 Replies 2817 Views

4 Replies

2817 Views

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Topics with Label: TurboTax Self Employed iOS

Is there any way to add inventories that I personally purchased prior to starting the business but that have become raw materials for my business after starting it up?

I am a single member in my business. i have filled out a form 2553 and it was accepted. what to do with W9?

Where is income from sales entered on the updated TurboTax for self employed? previous versions allowed for sales to be entered for a retail business.

I put in a business expense but my "federal tax due" rose

Deducting operating expense for business use of home if business income is reported through w-2 and K-1?

TurboTax Home and Bus. In Schedule 1, is it correct for a business loss to occur twice, on line 12 (Sch C) and again (the same amt) also on line 17 (Sch E)?

I have section 1231 gains and losses for farming business. Is the only way to enter this information through 4797 forms or is it included in easy step?

In TurboTax Home & Business edition, I'm trying to include consulting income for my LLC, but didn't get some 1099s so I don't have EINs? TurboTax saying they're errors?

Why - Using Torbotax Home and Business - Net Schedule C income is 68,583.00 but QBI worksheet lists 42,760.00 as qualified business imncome. Why not 68,853.00???

I have a disregarded LLC & I have an EIN only banking purposes. Bank issued a 1098 to the EIN. Does the IRS connect EIN & my SSN? Trying to complete Sch E.

Do you have a TurboTax Online account?

Topics with Label: TurboTax Self Employed iOS