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Get your taxes done using TurboTax
I went back and checked all my answers in TurboTax.
TurboTax created a Schedule C - Profit or Loss from Business.
Do I need to file a Schedule C? Or do I need to delete something in TurboTax and start over?
When I look at the form for Schedule C, there are several unanswered questions.
Is this activity a qualified trade or business under Section 199A? I assume No.
B. Enter principal business code - it suggested 999,999 if none.
C. Business Name
F. Accounting method - cash, accrual, other?
G. Did you "materially participate" in the operation of the business in 2019? I assume No.
I. Did you make any payments in 2019 that would require you to file Form(s) 1099?
March 21, 2020
10:50 AM