DaveF1006
Expert Alumni

Get your taxes done using TurboTax

Yes, you do need to file a 8990 regardless on whether you itemize or not. Since you have an excess business expense of $126, you need to file Form 8990. Please read the instructions for Form 8990 and read under the heading on Who Must File. 

You may view this entire paragraph to see if you qualify for the exceptions that are listed there.

 

Form 8990 is not supported in the individual version of Turbo tax but here is download form to download and include in your return. You won't be able to efile this return but , you will need to print and mail your return, along with this form, in accordance with the printing and mailing instructions you will be given when you are ready to file the return.

 

@poncho_mike 

 

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