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Cryptocurrency gains and losses are not reported on schedule C unless investing is your day to day business (you are a day trader and that is your job).   The requirements to be be considered a sched... See more...
Cryptocurrency gains and losses are not reported on schedule C unless investing is your day to day business (you are a day trader and that is your job).   The requirements to be be considered a schedule C self-employed investor are complicated and I don't know them all.  Here is a quote from a previous expert answer: Traders Special rules apply if you're a trader in securities, in the business of buying and selling securities for your own account. The law considers this to be a business, even though a trader doesn't maintain an inventory and doesn't have customers. To be engaged in business as a trader in securities, you must meet all the following conditions: You must seek to profit from daily market movements in the prices of securities and not from dividends, interest, or capital appreciation; Your activity must be substantial; and You must carry on the activity with continuity and regularity. The following facts and circumstances should be considered in determining if your activity is a securities trading business: Typical holding periods for securities bought and sold; The frequency and dollar amount of your trades during the year; The extent to which you pursue the activity to produce income for a livelihood; and The amount of time you devote to the activity. If the nature of your trading activities doesn't qualify as a business, you're considered an investor and not a trader. It doesn't matter whether you call yourself a trader or a day trader, you're an investor. A taxpayer may be a trader in some securities and may hold other securities for investment. The special rules for traders don't apply to those securities held for investment. A trader must keep detailed records to distinguish the securities held for investment from the securities in the trading business. The securities held for investment must be identified as such in the trader's records on the day he or she acquires them (for example, by holding them in a separate brokerage account). https://ttlc.intuit.com/community/tax-credits-deductions/discussion/schedule-c-for-personal-investing/00/3083177   If you are not a schedule C self-employed investor, then your gains and losses are reported on schedule D as with any other capital gains and losses.  You can deduct losses up to the amount of your gains plus $3000, if your losses are more than that, they carry forward to the next year.   If you have already been working with a CPA, you should go back to them, you already paid for their advice and they have a duty to get it right for you. 
It works you must follow the instructions exactly, here is a snapshot of it working. Before that, I contacted support and i don't believe they are allowed to assist with older versions.   
Hi Mike,   Your answer was what I thought should be done. Need to be sure this is done right the first time. Thanks Mike appreciate the help.
You can donate items but the deduction would not be from your business income itself but rather an itemized deduction on your personal return just as any other similar charitable deduction.  You mig... See more...
You can donate items but the deduction would not be from your business income itself but rather an itemized deduction on your personal return just as any other similar charitable deduction.  You might have difficulty deducting something that cost more than the income from what you are testing.  However you can deduct a business use percentage of your internet, computer and monitor expenses required for your Amazon Vine business activity. 
FYI - I tried the solution linked in this post in Sept 23 2025. It did not work.  Still got the Error 630 and could not get past it.
There's a new Simple Payment plan option that allows a longer period of time to pay. You must owe the IRS no more than $50,000 in assessed taxes, penalties, and interest, and be up-to-date on filing ... See more...
There's a new Simple Payment plan option that allows a longer period of time to pay. You must owe the IRS no more than $50,000 in assessed taxes, penalties, and interest, and be up-to-date on filing your tax returns. Keep in mind that the longer you take to pay it off, the more interest and penalties can accrue. You can apply online here.  @user17581271732 
the 1099-B does not reflect the correct tax basis because the broker does not get the k-1 and therefore can't adjust your basis for the partnership activity. All I have ever seen on the 1099-B is the... See more...
the 1099-B does not reflect the correct tax basis because the broker does not get the k-1 and therefore can't adjust your basis for the partnership activity. All I have ever seen on the 1099-B is the original tax basis (what you paid). In the k-1 package there should be a supplemental sales schedule which should provide all the info needed to correctly report gain/loss on sale including any section 751 recapture also reported on line 20AB, if any.       another way to figure you correct tax basis is from schedule L of the k-1 capital contributed should be what you paid + current year income - current year loss - line 19a withdrawals and distributions + the amount, if any, from 20AB this is reported on the 1099B/8949 not in the sales section of the k-1. type B proceeds but not tax basis reported to the iRS   only the amount on 20AB,if any,  is reported as ordinary income through the k-1 sales section
If you never filed, you don’t file an amended return, you file an original return.  There is no deadline, but any refund that might be due won’t be paid if the return is filed more than 3 years after... See more...
If you never filed, you don’t file an amended return, you file an original return.  There is no deadline, but any refund that might be due won’t be paid if the return is filed more than 3 years after the due date.   Amended returns to correct a previous return can be filed any time, but any refund that might be due won’t be paid if the amended return is filed more than 3 years after the due date, or more than 2 years after the original return was filed if it was filed late.   I would recommend filing a correct return so that all the correct information is on file, even if a refund can’t be paid because of the time limit.   I can’t address the body of your question because it is too confused and non-specific.  Whether or not you can deduct crypto losses depends on how you use the crypto (to invest and hold, or use for purchases).  If you have crypto investments, self employment, and wages, that should all be reported on one single tax return that combines all your income, deductions, credits and dependents.  
Submitted my 2024 federal income tax return (married, filing jointly).   I provided the 2023 AGI from line 11, Form 1040 (same for taxpayer and spouse, right?) Also, provided signature PIN's (for ... See more...
Submitted my 2024 federal income tax return (married, filing jointly).   I provided the 2023 AGI from line 11, Form 1040 (same for taxpayer and spouse, right?) Also, provided signature PIN's (for taxpayer and spouse used in 2022 e-file) - although I filed my 2023 federal income tax return by MAIL back in April of 2025.   I just checked the IRS database by logging into my Personal IRS account and it seems the 2023 AGI matches the one in the 2023 Income Tax Form copy we kept for our records.   My wife just checked the IRS database by logging into her Personal IRS account and it seems the 2023 AGI matches the one in the 2023 Income Tax Form copy we kept for our records as well.   This is the error code I received:   IND-032-04 - 'SpousePriorYearPIN' or 'SpousePriorYearAGIAmt' in the Return Header must match the e-File database.   Also, Turbotax says that "The IRS Couldn't Confirm" my wife's identity - Asking to enter 2023 AGI...   A bit confusing since both my signature PIN and AGI entry worked for me? but the wife's entries did not work.   Should I try to enter 0 for AGI for the wife and or delete the signature PIN we used in the 2022 e-file since we filed our 2023 income tax return by MAIL?    
I want to amend my 2022 1040.  How do I do that so I don't have to input all the data for the whole tax return?  The only change is to deduct my health insurance premiums for self employed individual... See more...
I want to amend my 2022 1040.  How do I do that so I don't have to input all the data for the whole tax return?  The only change is to deduct my health insurance premiums for self employed individual.  I forgot to claim when I filed original return.  I amended the 2023 1040, but I had to enter everything to make one change.  There's got to be a better way.  Thanks for any help.
She did. I have never used healthcare.gov
She claims the child but files a single since based on your income you provide the cost of the household. You file as single with no dependents. 
Hi @gatorstowing25,  Check out these resources to help you update and recover your account:  How do I change my phone number? Recover your Intuit Account if you can’t sign in Account Recovery 
I bought shares of a publicly traded partnership in 2024 and sold them in 2024.    This was reported by my brokerage on 1099 short term, basis not reported to irs.  I just received the K1.   The K1 i... See more...
I bought shares of a publicly traded partnership in 2024 and sold them in 2024.    This was reported by my brokerage on 1099 short term, basis not reported to irs.  I just received the K1.   The K1 is marked as final and Part 3 is blank except for the sales price of my sharesin box 19a.  Is this appropriate? I thought 19a was for items affecting the basis. 
J'ai essayé d'ouvrir TurboImpôt 2024 et j'ai réussi après les mises à jour. S'il ne s'ouvre pas, veuillez dire non à la mise à jour et vous pouvez mettre à jour manuellement en allant dans le menu d'... See more...
J'ai essayé d'ouvrir TurboImpôt 2024 et j'ai réussi après les mises à jour. S'il ne s'ouvre pas, veuillez dire non à la mise à jour et vous pouvez mettre à jour manuellement en allant dans le menu d'aide.   Merci d'avoir choisi TurboImpôt.
When I log into Intuit it shows my license file. It says I have installed it on one computer. When I open TurboTax 2024 it shows me my license file. I click on that license file and say register. I i... See more...
When I log into Intuit it shows my license file. It says I have installed it on one computer. When I open TurboTax 2024 it shows me my license file. I click on that license file and say register. I instantly get a message that says that the license file is invalid. This only happened after it did an update. I had previously run TurboTax 2024 on this computer with no issues.
And if you do end up suing TTX "Online" for 2025.   You can save a PDF copy of all your tax forms and worksheets to examine before filing using the Online software. BUT It's just not as interacti... See more...
And if you do end up suing TTX "Online" for 2025.   You can save a PDF copy of all your tax forms and worksheets to examine before filing using the Online software. BUT It's just not as interactive as the Desktop saoftware....in that: You have to pay the software fees before saving and looking at a PDF copy of whatever you've done so far.  You can do that at any time in your tax preparations, after paying the fees, but then you use the Print Center to create a PDF copy to look at.  SO if you create a PDF multiple times during your preparations, it would be good to save them with different names...or numbering them so that you know which PDF is the last one created  (or just delete the older ones if you create a bunch at different stages of your preparations).