Hi there,
I'm using TurboTax Home & Business (bought software), and Married Filing Jointly.
I am the one filing, and my spouse has a small business (i have nothing to do with it).
Below are my questions:
- Some of the business-related forms have my SSN on it (not the spouse's), and both of our names are on it. There are some business forms that has only my spouse's name/SSN on it, which got me worried. Is this normal? The ones that I found that has my SSN on it are:
- 8995-A - Qualified Business Income Deduction
- Schedule C - Loss Netting and Carryforward
- 4562 - Depreciation and Amortization
- UBIA (Unadjusted Basis Immediately after Acquisition of Assets) have an absurdly high value (compared to the size of current business), which I did not input. I'm not sure I understand it even after I google it. While I'm sure I input everything correct, I want to make sure if I overlooked something, causing something to be miscalculated?
- If I don't e-file state tax, will turbotax still give me forms that I can print out and mail it on my own? (I feel like $20 just for filing is too much.. after all, I purchased Turbotax to save money)
