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1. Yes, report the full 1099-k. List the fees as a business expense. 2. Self employment section is for those who are self-employed - work for themselves - business owners. When you work at a job, the employer withholds Medicare and Social Security tax from your paycheck. A self-employed person, must pay the employee and employer share of the tax. This is called the self-employment or SE tax. 3. Cost of goods sold is calculated for you by using your beginning and ending inventory. A new business will only have an ending inventory. You need to look at your inventory at the end of each year and place a value on it. It can be what you paid originally or current value. 4. You stated in your first post "I didn't make any significant amount of money off my inventory I just kinda ball-parked the cost of the goods when I sold them to clients" which leaves me wondering if you do a personal service, like decorating, and just sometimes sell stuff you have. However, inventory is stuff you own for the purpose of creating a product or selling.  You can't say that you sell inventory and then claim to not have any. 5. I think you are saying sales price is cost of item + labor. That is a fine method except every item, has a cost and is included in the inventory.   You might buy a chest and turn it into something else. The chest is inventory when purchased, even if you sell it as a chair for riding elephants later. In which case, you would have cloth in your inventory too.   I suggest Small Businesses Self-Employed to help you understand more about Deducting expenses and Operating a business.

To enter, change or delete a refund from the prior year applied to this years taxes (Federal, State, Local) - Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Estimates and Other Taxes Paid On Income Taxes Paid, click on the start or update button On the next screen select the options under 2024 Refund Applied to 2025   The prior year federal tax refund amount applied is shown on Form 1040 Line 26

It's now almost mid-March and I find the amendment scenario has been included.  In trying to amend my return for the erroneous tax on my RMD, when I try to click on the "update" button for "Extra tax on early retirement withdrawal," nothing happens.  Is there a further update in the works, or must I file a paper amended return?

Il n'est pas possible de transférer vos données d'une déclaration complétée avec un logiciel en ligne vers un logiciel téléchargé. Vous devrez entrer vos informations manuellement pour cette première utilisation du logiciel téléchargé.   Merci de choisir TurboImpôt

See this TurboTax support FAQ for how to e-file the Form 4868 extension request - https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/file-irs-extension-form-4868-turbotax-online/L2rDBZJtx_US_en_US

Yes, I did try it both ways. WITHOUT a designated transfer, I can carry forward the contribution such that none of the contribution is claimed this year, BUT the RRSP Worksheet is a little scary because it shows an "Excess amount with may be subject to a penalty tax in 2026". And WITH a designated transfer, it seem to claim the full contribution (which is wrong of course), and it won't let me carry any amount forward (at least in Easy Step mode). I think it's supposed to be a designated transfer, but because I did the transfer in the "first 60 days of 2026", I won't get my T4RIF until next year. So at this point, I think I will wait until next year to claim the contribution (as a designated transfer), and then hope that the T4RIF correctly cancels out that contribution. Maybe I'll give CRA a call, and hope that someone answers and can help me handle this scenario to their satisfaction.

How you enter your tips in TurboTax depends on whether the tips are shown in box 7 or box 14, or not shown separately on the W-2 at all. See the following FAQ for detailed instructions. How do I enter tips in TurboTax online?  

If your tips are already included in Box 1, make sure to enter the tip amount in Box 7 to activate the “No tax on tips” deduction.    After asking you some questions, TurboTax will determine if you are eligible for the deduction for tips. Keep in mind that only voluntary tips qualify for that deduction.  To see step-by-step how to do it, please refer to the link below: How do I enter tips in TurboTax online?  

The TurboTax Free online edition is for very simple tax returns that do not require any other form or schedule other than the Form 1040.  If your tax data requires entry on any other form or schedule then you must upgrade to the Deluxe edition or higher.   If you have not paid for the online edition you are using, have not filed your tax return or registered the Free edition, then you can clear your return and start over with a lower priced edition. Click on Switch Products on the lower left side of the program screen while working on the 2025 online tax return. Click on Clear & Start Over   Go to this TurboTax website for the Free online edition - https://turbotax.intuit.com/personal-taxes/online/free-edition.jsp   Please Note - TurboTax Online: Important Details about Filing Form 1040 Returns with Limited Credits A Form 1040 return with limited credits is one that's filed using IRS Form 1040 only (with the exception of the specific covered situations described below). Roughly 37% of taxpayers are eligible. If you have a Form 1040 return and are claiming limited credits only, you can file for free yourself with TurboTax Free Edition or TurboTax Live Assisted Basic (if available), or you can file with TurboTax Full Service at the listed price. Situations covered (assuming no added tax complexity): W-2 income Interest or dividends (1099-INT/1099-DIV) that don’t require filing a Schedule B IRS standard deduction Earned Income Tax Credit (EITC) Child Tax Credit (CTC) Student loan interest deduction Situations not covered: Itemized deductions claimed on Schedule A Unemployment income reported on a 1099-G Business or 1099-NEC income Stock sales (including crypto investments) Rental property income Credits, deductions and income reported on other forms or schedules

My no state download issue also may have originated from a sketchy software provider called Big Home Tax. My 1st call to tech support posited this license as potentially the issue so I purchased a new version of Deluxe Desktop from Best Buy. The 2nd tech call felt that the fact that I successfully completed another return with native state return indicated that perhaps the sketchy license was not so sketchy after all. As part of the 3rd, final & successful call, I activated the new Best Buy license which moved me to the 2nd step (Address) of the purchase screen in TT and in auto populated my city and zip code but left the State address field unfilled. When trying to add my state residence info, that field would not accept input.  As I've stated previously, the fix was a direct drop of the state software to my Intuit account website and lots of hand holding to get it up & running. In conclusion, it appears that the TT license may be a culprit.    

The Form 1098 is more likely to have the correct amount to deduct for property taxes. The closing statement may report prepaid taxes that may not represent the amount actually applicable to the current year.  You find more in this TurboTax article.

See this TurboTax support FAQ for entering the license code when installing the desktop edition downloaded software on your personal computer - https://ttlc.intuit.com/turbotax-support/en-us/help-article/license-information/install-turbotax-cd-download-software-license-code/L1wFOSXur_US_en_US