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You need to edit your business entries and on the screen that says Your (name of business) Business, choose the Inventory/Cost of good sold option. You need to say that you have inventory even if you... See more...
You need to edit your business entries and on the screen that says Your (name of business) Business, choose the Inventory/Cost of good sold option. You need to say that you have inventory even if you don't, then you will see the option to enter your materials and supplies as "Cost of Purchases". For the beginning and ending inventory, just enter $0 if you don't have any. Your materials and supplies will then show in the cost of goods sold section.
Thank you.  For some reason, I ignored that.  Of course, my wife's 1099 doesn't have it.   It says $XXX.xx paid in 2025 for 2024 Is that the number I use in the TT calculator?    That's close to t... See more...
Thank you.  For some reason, I ignored that.  Of course, my wife's 1099 doesn't have it.   It says $XXX.xx paid in 2025 for 2024 Is that the number I use in the TT calculator?    That's close to the amount I calculated.  But I'm still confused as to why TT doesn't show my 2024 taxes.  They were all done on the desktop app.    
It isn't a credit. It is a deduction figured on Schedule 1-a line 37 that transfers to Form 1040(SR) line 13b
@baldietax @DianeW777 I just did an update as today is February 13 and the form for schedule depreciation is still not updated. Who knows when the next time is?
where can I see the new schedule 1A senior tax deduction?
To enter a Form 1099-MISC that is not for self-employment - Click on Federal (Personal using Home & Business) Click on Wages & Income (Personal Income using Home & Business) Scroll down to Other ... See more...
To enter a Form 1099-MISC that is not for self-employment - Click on Federal (Personal using Home & Business) Click on Wages & Income (Personal Income using Home & Business) Scroll down to Other Common Income On Form 1099-MISC, click the start or update button On the screen Did you get a 1099-MISC?, click on Yes On the screen Let's get the info from your 1099-MISC, enter the amount received in box 3 and continue On the screen Describe the reason for this 1099-MISC, enter a reason and Continue On the screen Does one of these uncommon situations apply? - Select None of these apply and continue On the screen Did the (reason) involve work that's like (your name) main job - Select No and continue On the screen How often did (your name) get income for (reason) - Select 2025 and continue On the screen Did the (reason) involve an intent to earn money? - Select No and continue The amount entered from the Form 1099-MISC will be entered on Schedule 1 Line 8z The total from Schedule 1 Part I Line 10 flows to Form 1040 Line 8
I have the same problem, One of my 1099's worked fine and the other was unsuccessful/ 
Schwab docs are ready.  I received a message from TurboTax that they received my files after going through the import process.  But files do not show in my TT return.  It worked last year.  Not sure ... See more...
Schwab docs are ready.  I received a message from TurboTax that they received my files after going through the import process.  But files do not show in my TT return.  It worked last year.  Not sure what to do.  Where did my files go????  Is this a security concern???
  this is for Turbo tax online, individual return while i was doing my 2025 taxes the software thought  i had hsa deduction on form 8889 which i did not.   followed the ai instructions to go back... See more...
  this is for Turbo tax online, individual return while i was doing my 2025 taxes the software thought  i had hsa deduction on form 8889 which i did not.   followed the ai instructions to go back and clear any mis entry and completed the taxes.   for some reason the software kept the data and i have no idea how to fix   any help would be appreciated.    I kind of whish the software process started with "what forms do you have"
The online options to use TurboTax for a business returns for an Scorps, C-corps, or multi-member partnership are to use Expert Assist or Full Service.  There is no "do it yourself" option online for... See more...
The online options to use TurboTax for a business returns for an Scorps, C-corps, or multi-member partnership are to use Expert Assist or Full Service.  There is no "do it yourself" option online for TurboTax Business.   If you want to use do it yourself TT Business you need the download on a Windows PC.
I have two Schwab 1099s and I was able to import the smaller one successfully. The larger one gives me a message saying "The import was unsuccessful check your connection..." I am using TurboTax desk... See more...
I have two Schwab 1099s and I was able to import the smaller one successfully. The larger one gives me a message saying "The import was unsuccessful check your connection..." I am using TurboTax desktop and since one works this isn't a connectivity issue. It is something unique to the larger 1099. I have done research and there are not more than 10.000 transactions only a few hundred. Can someone please help other than doing it manually???
Thank very much for the token number. I've escalated this to take a further look into this matter. I can't promise a resolution date but we will work to resolve this as soon as possible. Thank you so... See more...
Thank very much for the token number. I've escalated this to take a further look into this matter. I can't promise a resolution date but we will work to resolve this as soon as possible. Thank you so much for your patience.   @datarmd 
This is the success message I get back from the browser (Chrome)     Browser Success message
The Form 1040X is scheduled to be available on February 19.   The date is subject to change, so check on 2-19 to see if it is ready.   Before that, do not change anything at all on your return.
You enter Form 1095-A in the Deductions and Credits section of TurboTax, then Medical then Affordable Care Act (Form 1095-A).
I'm trying to start my business taxes and it recommends I use Expert Assist Business. The only two options are continue or back. How do I move to doing my own taxes. There are literally no other opti... See more...
I'm trying to start my business taxes and it recommends I use Expert Assist Business. The only two options are continue or back. How do I move to doing my own taxes. There are literally no other options on the page.  
Thank you, but this doesn't really answer my question. I also have some OT to deduct, and your reply fits perfectly for that, but tips are not addressed. My issue is that my tip income is nearly 2 1/... See more...
Thank you, but this doesn't really answer my question. I also have some OT to deduct, and your reply fits perfectly for that, but tips are not addressed. My issue is that my tip income is nearly 2 1/2 times that of my hourly wages, and to add tips into the OT would create obvious problems. The on-line version allows for separate reporting of tips---I am looking for the same approach in the desktop version