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Yes, you do not have to make any estimated tax payments. The IRS does not get copies of your 1040-ES However, you run the risk of paying a tax penalty next year. The underpayment penalty will be assessed if any of these apply: "If you don’t pay enough tax through withholding and estimated tax payments, you may have to pay a penalty." "You also may have to pay a penalty if your estimated tax payments are late, even if you are due a refund when you file your tax return." To avoid the under payment penalty: The amount you owe is less than $1,000, after subtracting withholding and refundable credits. You paid 90% of the tax that you owed for the current year. You paid 100% of the previous year tax, (110% for higher incomes). If your previous year's adjusted gross income was more than $150,000 you will have to pay in 110% of your previous year's taxes to satisfy the "safe-harbor" requirement. "Typically, underpayment penalties are 5% of the underpaid amount, and they're capped at 25%.  Underpaid taxes also accrue interest at a rate that the IRS sets annually."   To avoid this situation it is recommended that you adjust your W-4 with your employer or pay estimated taxes. Underpayment of Estimated Tax by Individuals Penalty

Health Insurance is also deductible as a medical expense if you itemize deductions.  If you did not itemize deductions on your federal return, but are itemizing your deductions on California return you will see your health insurance on California Schedule CA.  If you are seeing it on line 17 of your Form 540, then it is transferring from your federal tax return.

Yes, technically that is correct. However there are ways to eliminate underpayment penalty by using the information below. It's wise to hang on to as much money as you can until you are required to make a payment.   Generally, you can avoid the penalty if your total timely estimated payments and withholdings are greater than or equal to the lesser of: 90% of the total tax after credits for the current year, or 100% of the total tax after credits in the prior year See one exception below. You can also avoid the penalty if the amount you owe is less than $1,000 as long as any estimated tax payments you made are timely.   Note: High-income taxpayers. If your adjusted gross income (line 11 of your 2023 Form 1040) is greater than $150,000 (or $75,000 if you're married and file a separate return from your spouse), you can avoid a penalty by paying at least 110% of your total tax from the prior year.   Key Information: If you do need to pay estimated tax payments for your other income or to meet the rules above, you must make them evenly throughout the year. Even a refund on a tax return could still have an underpayment penalty if the payments are paid late.

There is not a general "best answer" to this question.   There are several factors to consider with this.   1) Was this your first year doing Turo?   2) How old is the car and how much did you pay for it?  If it is a new car and you want to deduct the full amount this year, you could lower your profit and offset other income, but would it be better to lower your profit in future years instead?   3) How many years do you plan to do Turo?   Basically, the things to consider are If you use the actual expenses and depreciation in the first year, you cannot switch back and forth.  You will not be able to claim the standard mileage deduction in any future years. If you use the standard mileage in the first year, you can switch back and forth, but you cannot claim any special depreciation or bonus depreciation in future years. If you do not use this vehicle exclusively for Turo, then you would need to prorate depreciation and actual expenses.  Where as if you use the standard mileage, you would only need to enter the miles you used it for business (well the customers used it for business) You can check both ways in TurboTax to see which one you make out with best this year. You will want to consider what your future situation will look like as well when determining which one to do this year. 

Even if she has multiple locations, the business use of a vehicle is not deductible for wage (W-2) employees in 2024. It would be deductible if her income was reported on a Form 1099-NEC, which would be the case if she was considered self-employed. 

When you sell the car you're going to have a gain based on business use.  Since you don't have the 179 recapture on your tax return this year then you will owe that recapture at the time of sale.  Keep track of your business use percentages (including this year's 13%) so that you can calculate business use percentage over the life of the car to figure out what percentage of the sale price is taxable income.     @nancylin 

FIGURE YOUR **bleep** OUT!  I was able to correct this by ignoring the State Fix Error button.  the Fed is f'd up with an MN in front of the Company ID number.  It doesn't show that way if you correct State first. (It shows it without the MN, but it's still wrong with you try to finish.)   Fix this.

Deleting the form(s) from your return should solve this problem. Be sure you delete any form or worksheet that relates to this Schedule K-1, including any in your state tax forms. The federal worksheet is named "K-1 Partner [name of investment]."   If you are using the Desktop version of our software: Click on Forms in the upper right of your screen. Find the relevant form on the left hand side of your screen in the Forms in My Return list. Click on the form (note, there may be one for both taxpayer and spouse if married filing jointly). Click Delete Form button at the bottom of the screen. Click Yes to confirm you want to delete. If you are using TurboTax Online: Login to TurboTax and click on Continue your return to get into the prep section. Click on Tax Tools in the left column. Click on Tools. In the list at the bottom, click on Delete a form.  Click Delete next to the relevant form. Click Delete Selected Form to confirm deletion.

Please clarify your question.   Are you continuing to prepare the Federal return? Have you started on the State? What information are you missing? Are you having trouble with a specific form? Please contact us again to provide some additional details.       

Have you tried clearing your cache and cookies?   A full or corrupted cache can cause problems in TurboTax, so sometimes you need to clear your cache (that is, remove these temporary files).   Here are the official instructions for the most popular browsers: Google Chrome Mozilla Firefox Microsoft Edge Each browser has a slightly different method for deleting cookies. Choose the browser you're using: Microsoft Edge Mozilla Firefox Google Chrome Safari   TurboTax FAQ: How to clear your cache  TurboTax FAQ: How do I delete cookies?