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The key is to report your income, it's not a requirement for you to complete a Form 1099-K to file your tax return.  What is required is to report the taxable income you received during the tax year. As long as you keep your tax documents in your tax records and can show the income you reported, that's all that matters.   @asdfkjalfjskaljfdk 

@Jorgums We understand this is frustrating, and we apologize for any difficulty this may cause. We want to assure you that we are taking this seriously and our team is diligently working to resolve the problem and provide either a fix or a temporary workaround. Fortunately, the Iowa e-file deadline isn't until April 30th, so you should still have time to file electronically once the solution is available. We'll notify you as soon as it's ready.

I have not noticed other posts similar to yours where there is a questionable underpayment of tax penalty. Even if you don't owe significant taxes when you file your return, you can be subject to an underpayment of tax penalty, as it is based in part on when you pay your taxes during the year.     You can work through the Underpayment penalties section of TurboTax, which is in Other Tax Situations section to see if you can eliminate your penalty based on the timing of the receipt of your income and tax payments. You can indicate that you want to enter a state tax return or that you want to amend your tax return in TurboTax to get back into the program.   Also, the IRS would likely refund the penalty if they determined it was not owed when they process your tax return.

You cannot deduct unreimbursed expenses from an S Corp- all deductions must be through the S Corp and reported on the 1120S.  You can establish a an accountable plan to reimburse employees of the S Corp.  

I solved my problem by skipping the QBI deduction altogether.   I am paying Turbo Tax to do these calculations. I am not paying TT for me to dig them out of a return that TT prepared last year. TT knows exactly what it wants, and where to find it in last years return. I have no clue what it wants, and rather than risk it being wrong, I deleted my QBI deduction. Simple rental property calculations should be an absolutely solid part of Turbo Tax. Apparently it is not.  

the 1065 is only to report the business income/loss that must be reported on your personal 1040s. this is done by each of you preparing your own 1040 including the k-1 that the partnership issued (or should have issued) and other taxable income and deductions. It is with the 1040 that you pay any income taxes owed.

Thank you, After being on hold while the rep tried to figure it out, getting disconnected not getting it filed on time and calling back and waiting I found your fix and it worked like a charm! Again, thanks.

"Return of excess contributions" means that you withdrew the excess contributions before the original due date of the return. Thus, if you had an excess in tax year 2022, you by law had to withdraw the excess by April 15, 2023 to avoid penalties. That is, the IRS gives you only a set period of time to rectify your mistake without additional penalty.   If you did not withdraw your 2022 excess by April 15, 2023, then the excess was carried over to tax year 2023, to be placed in line 2 of form 8889 as a "personal contribution". However, since many taxpayers don't realize this, they contribute the full amount in 2023, and therefore create a new excess for 2023.   Unfortunately, the IRS uses the same term "excess" for the short-term excess that you can withdraw without penalty and the long-term excess that has to be dealt with much differently.   So once you passed April 15, 2023 (in some cases, October 15, 2023) without withdrawing the short-term excess, it became  a long-term excess and carried over the the next year. You cannot withdraw a long-term excess the same way you can with a short-term excess.   Yes, you told the HSA custodian that you wanted to withdraw excess contributions, and they processed it with a 1099-SA with a distribution code of "2", but this was wrong. To be fair, the HSA custodian has no way of knowing that you were making an invalid request, and for all they knew, it was appropriate for you.   To handle a long-term excess, you can do one of two things: 1. When the long-term excess has carried over to a new year, reduce your regular HSA contributions so that the carryover (which has been placed in line 2 of form 8889 as a personal contribution, so that the carryover can be accommodated under the annual HSA contribution limit. Once this happens, then the long-term excess is "used up" and finally dealt with.   2. Make a distribution for the amount of the excess (but do not tell the HSA custodian that this is the withdrawal of excess contributions), and when the 1099-SA arrives, enter it and say that none of it was for qualified medical expenses. This will have three effects: A. the amount of the excess will be added to Other Income B. A 20% penalty will be added to Other Income C. Your long-term excess carryover will disappear   #1 above is obviously cheaper, but you have to have a future year in which you have HDHP coverage and you have to avoid over contributing in that future year.   I hope this explains to you what happened and why TurboTax is not working according to your understanding. TurboTax is working correctly, but honestly, most taxpayers (and quite a few tax professionals) don't understand how HSAs work, due in part to the opaque instructions by the IRS.

If you don't have a business, you can go back and delete the Schedule C.    TurboTax Online, please follow the instructions in this TurboTax Help article to delete a form.   TurboTax Desktop, please follow the instructions in this TurboTax Help article to delete a form. If you do have a Schedule C, then go back and review your entries.     Navigate to the Schedule C section: TurboTax Online/Mobile: Go to Schedule C. TurboTax Desktop: Search for schedule c and select the Jump to link. If the above doesn't work, you need to clear your cache (that is, remove these temporary files).  A full or corrupted cache can cause problems in TurboTax.  You can try these steps if you are using the online version:   Clearing your Cache and Cookies Using a different browser Opening an Incognito Window Please reach out again if your problem persists.

It depends. If you want to complete a W-9 to provide to any of your clients or vendors you can use the link below. It can be printed or filled out online and the printed so you have it available for distribution to vendors. IRS Form W-9 -- Request for Taxpayer Identification Number and Certification  

The expenses relating to your CRP income are reported as Conservation expenses under the Farm Expenses section. Note that if your conservation expenses exceed 25% of the gross income of the farm, the deduction is limited to 25%, and any excess can be carried forward. Be sure you've calculated your conservation expense deduction correctly and that your expenses are covered by an approved conservation plan.   If your CRP expenses are not covered by an approved plan, report them under whatever farm expense category seems appropriate.  

If you are 73 then follow the steps below to report a missed RMD on Form 5329. Please take the RMD as soon as possible. You request a waiver of the penalty if you have reasonable cause. Please see Relief for Reasonable Cause for additional information.   Click on "Search" on the top right and type “1099-R” Click on “Jump to 1099-R” and enter your 1099-R On the "Did You Miss a Required Distribution From Any Retirement Accounts?" screen select "An IRA..." TurboTax will walk you through the follow-up questions.

If you want to make changes or add a document to a tax return that has already been filed and accepted by the taxing agency, you should follow these guidelines.    You must first wait until the initial return is completely processed. You will have to use the same TurboTax account that you used for the original tax return. Once you begin your amendment, you'll see your original return. The refund calculator will start new at $0 and only reflect the changes in the refund or tax due Only make changes to the areas of your return that need to be corrected. You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment Select your product below and follow the instructions.  Amend TurboTax Online  Amend TurboTax CD/Download 

If you follow the instructions in the link below to enter each W-2 for the IHSS waiver payments you will complete your return correctly. How do I enter my tax-exempt Medicaid waiver payments from IHSS in TurboTax? @skt 

Yes.  If you fill out a 1065, it should generate a K-1.  You will enter the K-1 on your personal return to report the income.  You do not pay taxes when you file the form 1065 as it is a flow through entity.  So the taxes are paid when you enter the K-1 on your personal return.