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Thanks so much for your reply and advice. I appreciate it. Are you saying I simply should not worry about making estimated payments for my new LLC earnings in August through December 2025?
You cannot start a new 2024 return using online TurboTax.   And the 2025 online software will not become available until sometime in early to mid-December 2025.      You have been self-employed f... See more...
You cannot start a new 2024 return using online TurboTax.   And the 2025 online software will not become available until sometime in early to mid-December 2025.      You have been self-employed for a relatively short time.   You will prepare a 2025 tax return and enter your W-2 income and your self - employment income, as well as prepare a Schedule C for your business expenses.     If you have self-employment income for which you will pay self-employment tax for Social Security and Medicare,  you will need to use online Premium software or any version of the desktop software download so that you can prepare a Schedule C for your business expenses.     https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653   https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-self-employment-business-expenses-like-home/L1k6HJY4A_US_en_US?uid=m6jrthmp     If you live in a state with a state income tax, you might need to make estimated payments to your state.   https://turbotax.intuit.com/tax-tips/small-business-taxes/the-home-office-deduction/L1RZyYxzv https://ttlc.intuit.com/turbotax-support/en-us/help-article/estimated-taxes/make-estimated-tax-payments/L5svMESaC_US_en_US?uid=mdna5aoh     https://turbotax.intuit.com/tax-tools/calculators/self-employed/   https://ttlc.intuit.com/community/business-taxes/discussion/self-employed-don-t-miss-these-tax-moves/00/3400413     https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-schedule-c/L5Fz3j5us_US_en_US?uid=m6a6gknk   https://ttlc.intuit.com/turbotax-support/en-us/help-article/payroll-additions-deductions/qualify-qualified-business-income-deduction/L0rM2cIIQ_US_en_US?uid=m5zpoxad   https://ttlc.intuit.com/turbotax-support/en-us/help-article/self-employment-taxes/self-employed-expenses-deduct/L37ZS1B8T_US_en_US?uid=m6fntpg7  
TURBOTAX TOOK MONEY OUT OF MY  ACCOUNT Did you choose to have your TurboTax fees deducted from your federal refund?  Is your refund taking an unusually long time to arrive?  Or was your refund seiz... See more...
TURBOTAX TOOK MONEY OUT OF MY  ACCOUNT Did you choose to have your TurboTax fees deducted from your federal refund?  Is your refund taking an unusually long time to arrive?  Or was your refund seized to pay a debt you owed? if so, you signed an agreement that says TT can withdraw its fees from your account.  TurboTax would have sent several emails to you before they took the money out of your account.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/bank-account-auto-debited-turbotax-fees/L3rDdVynu_US_en_US?uid=m6bdgedq   TURBOTAX SAYS: How do you justify debiting my account? The provision is spelled out in the Pay With My Refund Agreement, which you agreed to when you opted to pay with your refund. In addition, by clicking the "I Agree" button below, you electronically sign and authorize Intuit (through its third party processor) to debit the TurboTax Fees, Additional Products and Services Purchased and any applicable sales tax from your bank account number identified in the Agreement below, in the event that you do not receive a tax refund that is sufficient to pay for them.       How can I see my TurboTax  fees?      https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k
I started a single-member LLC in August 2025 (two months ago). I cannot figure out how to use TurboTax Online to determine estimated payments I probably need to make by the January 15, 2026, filing d... See more...
I started a single-member LLC in August 2025 (two months ago). I cannot figure out how to use TurboTax Online to determine estimated payments I probably need to make by the January 15, 2026, filing deadline. When I log in (long-time user as a W-2 employee), it seems I can only start a new 2024 return. 
@BME @MythSaraLee @Cindy62707 @MarwilCH @markfTT @user17605923060 @user17605932593 @user17605923060 @GabiU  For anyone who saw the $10 discount in the TurboTax app but didn’t get it applied — I stro... See more...
@BME @MythSaraLee @Cindy62707 @MarwilCH @markfTT @user17605923060 @user17605932593 @user17605923060 @GabiU  For anyone who saw the $10 discount in the TurboTax app but didn’t get it applied — I strongly recommend disputing the charge with your bank or credit card company. That’s the only effective way to make TurboTax deal with this issue.   TurboTax (@GabiU) directed me (and others) to their “60-day refund” page, but that doesn’t help.   The 60-day guarantee doesn’t even apply to us — most people filing under an extension are far past that timeline. And even if it did, that process only lets you cancel and refund your entire purchase, which also deactivates the product. It gives no option to recover the $10 discount that was clearly advertised in the app.   Here’s why this is misleading:   The app still shows a message “You have a $10 credit to use on one in-product add-on.” It never specifies whether this is connected to Costco or that it has expired. It is shown all the way through the checkout process — even up to the second-to-last screen — so users naturally assumed it was an active TurboTax discount. Because TurboTax chose to display a generic $10 credit with no expiration, no source, and no clarification, they’re responsible for honoring it. Continuing to show that message while denying the discount at payment is deceptive.   If you were affected:   Get screenshots: Open the TurboTax app and start a new return (just for this purpose). Go to the State Taxes tab and the Review tab — you’ll see the message “You have a $10 credit to use on one in-product add-on.” Take clear screenshots of those pages. Dispute the charge with your bank or card issuer, citing misleading advertising and failure to honor a displayed discount. The 60-day refund policy doesn’t help here — the only way to recover the $10 credit is to dispute the charge with your bank or card issuer.
@gksloane wrote: .....if you wanted to charge an extra $5 for turbotax users to 'add' itsdeductible to the package... Boy, that's a great idea; piss off close to 100% of your customers to pla... See more...
@gksloane wrote: .....if you wanted to charge an extra $5 for turbotax users to 'add' itsdeductible to the package... Boy, that's a great idea; piss off close to 100% of your customers to placate less than 1%.
Federal and state refunds come from completely separate entities.  There is no rule as to which one will come in first or how long it will be between their arrival in your account.   TurboTax giv... See more...
Federal and state refunds come from completely separate entities.  There is no rule as to which one will come in first or how long it will be between their arrival in your account.   TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer.  “21 days”  is not a promise from TurboTax or the IRS.      First, check your e-file status to see if your return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   Once your federal return has been accepted by the IRS, only the IRS has any control.  TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.     You need your filing status, your Social Security number and the exact amount  (line 35a of your 2024 Form 1040) of your federal refund to track your Federal refund:    https://www.irs.gov/refunds   To track your state refund:     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr   If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh . https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst
I must be entering something wrong on the Sale of Primary Residence Form.  If same gain is reported of schedule D the Alt Min tax seems appropriate.   However, when entered of the Sale of residence f... See more...
I must be entering something wrong on the Sale of Primary Residence Form.  If same gain is reported of schedule D the Alt Min tax seems appropriate.   However, when entered of the Sale of residence form, the gain is correct but the Alt Min tax doesn't seem to be correct .   It is almost $200,000 more on approximately a $220,000 gain than when reported direct on Sch D.   
Generally, as a caregiver for your own disabled child, you cannot deduct care-related expenses as business expenses. However; caring for your disabled child may allow certain medical expenses to b... See more...
Generally, as a caregiver for your own disabled child, you cannot deduct care-related expenses as business expenses. However; caring for your disabled child may allow certain medical expenses to be deducted as an itemized deduction if the total unreimbursed costs exceed 7.5% of your adjusted gross income and may include specialized schooling, certain travel for medical care, and other disability-related equipment and services.  For an expense to qualify as a deductible medical expense, you must document it as medically necessary for your child's well-being and not a standard family expense.   Here is a helpful link:   Claiming medical expenses           
I switched over to DeductibleDuck [hyperlink removed] and so far it seems like an upgrade to Intuit's obsolete software.  I suggest everyone switches.
Payments received by a parent for providing homemaker or community connector services to their own child through a government-funded program must be reported as income. Since the care is for your own... See more...
Payments received by a parent for providing homemaker or community connector services to their own child through a government-funded program must be reported as income. Since the care is for your own child, it is not classified as self-employment, and associated self-employment expenses cannot be claimed. This income is generally reported as "Other Income" and is not subject to self-employment tax, as you are not running a business.   @user17629853763  Thanks for the question! **Say “Thanks” by clicking the thumb icon in the post **Mark the post that answers your questions by clicking on “Mark as Best Answer”  
FIRSTLY, you are NOT REQUIRED to file a Schedule C (Profit or Loss from Business Income) for any tax year where your self-employed professional artist activities had zero income and zero expenses, yo... See more...
FIRSTLY, you are NOT REQUIRED to file a Schedule C (Profit or Loss from Business Income) for any tax year where your self-employed professional artist activities had zero income and zero expenses, you must still file a personal tax return if you have income from other sources (e.g., W-2 wages, dividends, interest). BEST PRACTICES !!! However, filing a Schedule C—even with minimal or zero activity—is a strong strategic best practice. This action helps establish business continuity and a valuable financial history, which is pivotal when applying for loans and/or facing future audits. Moreover, filing allows you to officially record and carry over potential deductions (such as start-up costs or home office expenses) to reduce taxable income in future profitable years. Finally, filing the return starts the statute of limitations for an IRS audit; failing to file leaves that tax year open to examination indefinitely.  NOTE If you have NO INCOME/EXPENSE to report, whether business or personal, in other words, your tax return would have zero values, you may need to enter a nominal income or resort to paper filing, as some e-filing software may restrict submissions without any activity. The links below should be helpful in assisting you with your question: I have run a small business as a sole proprietor in the past but this year I had no income or expenses from the business. Is it necessary that I file a Schedule C?  Self-employed individuals tax center  ** Please say "Thanks" by clicking the thumbs up icon in a post *** Mark the post that answers your question by clicking on the "Mark as Best Answer"
I get paid for homemaker and community connector services that I provide for my disabled child via a 1099. What things can I use for tax write off’s if any? Admission to places I take him? If we go s... See more...
I get paid for homemaker and community connector services that I provide for my disabled child via a 1099. What things can I use for tax write off’s if any? Admission to places I take him? If we go shopping and he buys a toy would that count? I often pay for admission to zoo, swimming, etc. 
@Karl26 wrote: They have the option for Single or Family coverage for Health Insurance. The employer did confirm the HRA will only cover expenses for those under the Health Insurance. So if you ... See more...
@Karl26 wrote: They have the option for Single or Family coverage for Health Insurance. The employer did confirm the HRA will only cover expenses for those under the Health Insurance. So if you choose the single option spouse/family are not covered with the HRA. I think that would clarify that I can contribute to my HSA based on the above responses. Right.  There is sometimes a difference between what the tax regulations say you can do, and what the employer says.  The regulations say an HRA can be used to pay expenses for self, spouse, and dependents.  The employer can't expand the list of covered people, but they can narrow it to only the subscriber if they want to.  
Does TT Business have form 982? If not, is there some worksheet for adjusting basis due to insolvency?