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If you are self-employed filing a Schedule C for your business and you did not receive a Form 1099-K reporting income paid to you, you will use your own records of income to determine the amount you received.  It is then reported as General Income not reported on other forms under your Schedule C.     Use the steps in the TurboTax help article below to navigate to your Schedule C to input your income:   Where do I enter Schedule C?  

Thank you for your detailed response. I have a couple of follow up questions. 1) In figuring the percentage of sales expenses to allocate to each asset (house, land, improvements) - do I use the original cost of those assets, or the sales price? For example, if I purchased the property for $120000, and at the time the land value was $20,000, then the percentage would be 83% house/ 17% land. But if I sell the property for $220000, and the land value is stable at $20,000, then the percentage would be 91% house/ 9% land. Which value am I supposed to use here?    2) With regard to adding the recent improvements to the selling expenses - does that total sum get apportioned among ALL of the assets listed under the property? For example, if we had $20k direct selling expenses (on the settlement charge sheet for the sale) plus another $50k of improvements in the final months of ownership, totalling $70k, and we also had assets/improvements from 2023 totalling $10k, would we apply a percentage of the total sales expenses to that $10k asset?   3)Follow up question: how does one determine if an asset is "past its recovery period" enough to assume it's zero percent of the sales price/ sales expense?   4) regarding passive activity losses: we had passive losses in previous years but they did not carryover in the program, even though when I go through past returns I can see "unallowed" losses listed on previous year passive loss form 8582. Should I just add them up and put them in the form field when it comes up blank?    Assuming you are a human and not AI, I thank you again for your time, expertise, and help with this.    

If part of your income comes from long-term capital gains, then the total is added to your income on Form 1040 line 7.    But, it is taxed at a lower rate than simply looking at the tax tables.   There is a separate worksheet called the Qualified Dividends and Capital Gains Tax Worksheet that applies that lower tax rate to the capital gains.  Without going into great detail, this worksheet separates your capital gains from the rest of your income and applies the capital gains rate to the capital gains income (which is lower than the ordinary income tax rate).  Then your total tax amount is reported on Form 1040 line 16.   You can see this worksheet by using Forms in the upper right corner of the TurboTax desktop version, or by looking for it when printing your return if using TurboTax Online.   When you look at this worksheet, pay attention to lines 23 and 24.  The tax calculated on line 23 takes into account the capital gains tax.  The tax calculated on line 24 comes directly from the tax tables.  Then, the lesser of those two lines is reported on line 25 and Form 1040 line 16.  Therefore, if the capital gains tax rate gives you a lower overall tax, then that is the tax on your Form 1040.    

You are not required to report a 1095-C; however, you should keep it with your tax records.   If your return is rejected because of the 1095-A: The IRS database thinks that you have or had a Marketplace policy.   You should Confirm that you aren't listed on the roles. You can use the phone number listed by state at  The Health Insurance Marketplace. If you're sure you don't have a 1095-A you can use these steps to clear it. Select Tax Tools On the drop-down select Tools There will be 2 green boxes Select Topics Search Type 1095-A The question will come up Did you receive Form 1095-A for your health insurance plan? Answer Yes Continue to the form Delete it using the trash can Repeat the process When you get to Did you receive Form 1095-A for your health insurance plan? Answer No

If your only source of income for 2025 was Social Security retirement, then you may not need to file a tax return.  Generally Social Security is not taxable unless you have other sources of income, and then it may become partially taxable.     Take a look at the following TurboTax help article about filing requirements.  If you do need to file a return, then TurboTax can be used to file your return.   Do I need to file a federal return this year?  

You should first verify your phone number, and select the text option when trying to get the verification code. You can verify the phone number in  On the left sidebar Select Intuit account There will be six boxes Choose Sign in & Security Confirm your information. Once requested, you may have to wait a few minutes Be sure you use the most recent code because previous ones are canceled.  If you still cannot receive a code, you may need to  Verify your identity another way through account recovery.   

Of course the reply was not helpful at all. Instructions did not pertain to my desktop version. Looked further into on my own and 3rd party bank also charges a fee, which was never disclosed. I always enjoyed use of Turbotax, but due to sneaky fees now being added, I will look further into other options.