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Schedule C is for reporting business income and expenses. You can populate that in the Wages and Income section of TurboTax by looking for the self-employed income section. You will be asked to enter your business income and expenses. They will be reported on Schedule C that will be attached to your personal tax return Form 1040.

Thank you so much. But the law was changed and I am not supposed to have a penalty, but have up until December of this year to take it without penalty. I am filing as usual through TurboTax, so is that 5329 available to fill out with the rest? And am I doing that when filing her 2024 taxes or my 2024 taxes as the beneficiary or my 2025 tax return? Sorry, no one seems to know what to do whom I have spoken to.

This is an answer I found online from a TurboTax answer - “If you live with the person you provide care for, the income you earn for providing care services can be excluded from your federal income taxes.   The payments you receive are Difficulty of care payments and can be excluded from taxable income, according to IRS Notice 2014-7.   If you received a form W-2 for these payments, you'll report the form on your tax return. but it will not be part of your taxable income. Here's how:    Enter that form W-2 in TurboTax just like a normal W-2.   Then in the follow-up interview, when you arrive at the page titled Let's check for uncommon situations, put a checkmark on Nontaxable Medicaid waiver payments that qualify as difficulty of care payments and click Continue. On the next page you can indicate how much of the W-2 amount should be nontaxable, which in your case is All of it.   See attached screenshot.         @aznkk82“ I guess it won’t share the picture. I tried to find this but I am not having any luck. The date of the post is only last year … does this help?

Why do you think that means TurboTax was hacked? You received an email that we cannot see that tells you why your tax return was rejected.   Some rejected returns can be fixed and re-filed.  Some have “un-fixable” reasons for the rejection and have to be mailed instead.    What is the rejection code or rejection message?     If it was rejected for AGI—-your 2023 AGI might not be in the IRS system if you filed late.   Try using zero instead.   If filing with zero is rejected then file again but select the option that you did not file last year.  The IRS does not see that question and it will allow you to e-file with no AGI question.     https://ttlc.intuit.com/community/agi/help/where-do-i-correct-my-agi-in-turbotax-online/00/26311   If that does not work and you still cannot e-file, then print, sign, and mail your tax return.  

You do have another option, if you happen to be a Mac user and are using Time Machine for your backups.  From the Time Machine menu at the top right of your screen (which looks like a clock with a circle with left-facing arrows around it) open the menu item "Browse Time Machine Backups".  Go to the previous day or an earlier time during the day, and look to see if your tax file was already archived.  If it was, select it and choose "Restore".  Time Machine will re-write your tax file back onto your current hard drive.  This saved my bacon after I unintentionally went down the path of amending my state return, then canceled.  Turbotax had already overwritten my file, making my Federal return information disappear.

Form 1065 p5-6 would be the entry for trade notes and accounts receivable on your balance sheet Schedule L, which is on page 6 of your Form 1065. You can go to that entry using the Forms menu option to see what the problem may be:      

The problem appears to be that TurboTax is calculating the RMD for inherited retirement accounts incorrectly. Please fix this! The amount we withdrew is far in excess of the RMD for this account. I'm waiting to complete my taxes on TurboTax getting this right.