Business & farm

Thank you for explaining that more thoroughly, AnnetteB6. Whelp, I answered this incorrectly on my taxes, then. I went through the same checklist DawnC mentioned above, the one that's supposed to help you determine if you 'Materially Participated', and I didn't have a 'yes' to any of those scenarios. 

 

Would have been nice if TurboTax explained like you did. Or at least made some kind of attempt to explain at all, ha. As I mentioned above, Section C in TurboTax 'Deluxe' was devoid of any help tips. It also did not explain what to do if there are no other details on your 1099-NEC other than income amount.

 

Does TurboTax give refunds for their $69 'Deluxe' option in scenarios like this? I don't feel like they provided the service they stated they would.