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As a self-employed tattoo artist, you should report your income from Venmo, Zelle, and Cash App on Schedule C (Form 1040). This form is used to report income or loss from a business you operated as a... See more...
As a self-employed tattoo artist, you should report your income from Venmo, Zelle, and Cash App on Schedule C (Form 1040). This form is used to report income or loss from a business you operated as a sole proprietor. You must report all income received for your services, regardless of payment method. Income reported on Form 1099-K from these payment apps also needs to be included on Schedule C. Schedule C lets you to deduct business expenses related to your tattoo work, and it feeds into your individual tax return (Form 1040).   For a self-employed tattoo artist, the best TurboTax product is TurboTax Do It Yourself Premium (formerly Self-Employed) or TurboTax Expert Assist Premium (formerly Self-Employed). These versions support Schedule C income and help you report income from payment apps like Venmo, Zelle, and Cash App.    
I am getting the transmission error.  It tells me to go to the online menu.  There is no such menu anywhere in this software.  But the "tax help for $60" button is easy to find.   Intuit has compl... See more...
I am getting the transmission error.  It tells me to go to the online menu.  There is no such menu anywhere in this software.  But the "tax help for $60" button is easy to find.   Intuit has completely lost me as a customer.  20+ years of using turbo tax and now I am done. ' You are required by law to offer a free e-file.  And all you can do is tell me to mail it.  Intuit is not a good company.  
As MaryK4 said, settlements (including a settlement from Facebook) is considered taxable income.   See this IRS article, which states that IRC Sec 61 considers settlements from any source includa... See more...
As MaryK4 said, settlements (including a settlement from Facebook) is considered taxable income.   See this IRS article, which states that IRC Sec 61 considers settlements from any source includable in gross income (i.e., taxable) unless there is a specific exception.
It is added to final cost in addition to state filing fee.
When will the corrections to form 5695 be available?
If you don't have the same screens as described here, contact us again. You should have four boxes after you select [Type it Myself] The most common selection is the top-right Financial instit... See more...
If you don't have the same screens as described here, contact us again. You should have four boxes after you select [Type it Myself] The most common selection is the top-right Financial institution or other provider. [Continue] Complete posting of the 1099-R from here.
Since you are unable to obtain a return of excess contribution from either the 403(b) or the 401(k) (because the funds are no longer there), the excess $6,500 elective deferral for 2025 is simply tax... See more...
Since you are unable to obtain a return of excess contribution from either the 403(b) or the 401(k) (because the funds are no longer there), the excess $6,500 elective deferral for 2025 is simply taxable on your 2025 tax return.  There is nothing else to do.  Despite the $6,500 being taxable, it did not become after-tax basis in either employer plan, so no after-tax basis got rolled over to the IRA.  There is nothing to report on Form 8606 regarding this.   The "penalty" for making an uncorrected excess deferral is double taxation.  This $6,500 will be taxed a second time when distributed as an ordinary distribution from the IRA.
What about filing 8843, do I also need to attach that along with other 2 files and would I need Schedule OI too
If the delete option is not available, it may be because the form is required based on your entries or linked to other forms. Review your entered data to ensure no required information is forcing the... See more...
If the delete option is not available, it may be because the form is required based on your entries or linked to other forms. Review your entered data to ensure no required information is forcing the form to stay. Adjust or remove related data if possible, then try again.   In TurboTax, to delete the PIT-DWK form for your New Mexico non-resident return, try these steps: 1. Open your return and go to the Forms Mode by selecting the Forms icon. 2. From the forms list or menu, locate the PIT-DWK form. 3. Select the Delete Form button or option for PIT-DWK. 4. Follow any on-screen instructions to complete the deletion.
My daughter lives with me and has 2 children with us 6 months of the year. The father of the children who has almost no income has signed form 8332 to allow her to claim the children on her taxes. Ho... See more...
My daughter lives with me and has 2 children with us 6 months of the year. The father of the children who has almost no income has signed form 8332 to allow her to claim the children on her taxes. However, since I provide way more than half of the household expenses, I have already filed as head of household and have claimed my daughter. Per Turbotax, my daughter cannot refile and claim her children. Can I refile and claim her children if I attach form 8332 to my taxes, since I claim my daughter?
There are many reasons your refund may be lower, and just because it was different than 2024 doesn't mean either year is incorrect.  As @xmasbaby0  mentions, a great place to start is the comparison.... See more...
There are many reasons your refund may be lower, and just because it was different than 2024 doesn't mean either year is incorrect.  As @xmasbaby0  mentions, a great place to start is the comparison.   What to compare first: Withholding vs. tax: Your total federal withholding may have dropped or your total tax increased. Check 1040 line 25 (withholding) vs. line 24 (total tax). Credits: Child Tax Credit, education credits, Premium Tax Credit, EV/home energy credits, if any credits reduced or where only in 2024, that would cause the difference. Deductions: A decrease in state and local tax, mortgage interest, charity, etc. can reduce deductions. Income items: 1099-INT/DIV, capital gains, RSUs, RMDs, unemployment, side-gig/rental, if there was an increase, this would increase tax and can phase out credits. Withholding changes: New jobs, bonuses, or W-4 updates often reduce withholding.
To enter estimated tax paid in 2025  Go to Federal>Deductions and Credits>Estimates and Other Taxes Paid>Estimates
  To @docgarner Thanks! Very nice! (and I didn't know "stockhistory() was a function... definitely will be using this going forward!)   If anyone wants to copy/paste this into their own spreadshee... See more...
  To @docgarner Thanks! Very nice! (and I didn't know "stockhistory() was a function... definitely will be using this going forward!)   If anyone wants to copy/paste this into their own spreadsheet... Asset Acquisition date Cost/share at Acq GPIE date GPIE Amount Price on GPIE date Shares sold GPIE Cost basis GLD 8/27/2005 311.4 9/10/2025 0.72 =STOCKHISTORY(A2,D2,D2,0,0,1) =E2/F2 =G2*C2 In etrade, I found the GPIE date and GPIE amount at the end of my 1099-B. The result of "GPIE Cost Basis" and the "Acquisition date"  could be put back into TT to calculate the gain/loss on the transaction.  Thanks again to @docgarner for spelling it out.
We cannot see your screen, your return or your account.  Have you entered ALL of your 2025 information?  All your income, etc.?  All deductions and credits?   There are a lot of variables that af... See more...
We cannot see your screen, your return or your account.  Have you entered ALL of your 2025 information?  All your income, etc.?  All deductions and credits?   There are a lot of variables that affect your refund or tax due including how much you earned, how much tax you had withheld, your filing status, the number of dependents you claim, your deductions and credits, etc.  You may have lost Earned Income Credit or the Child Tax Credit— did a child turn 17?  If you received the EIC last year, remember that changes in the amount you earn have a big effect on the amount of EIC you can get. (Sometimes earning more money means less EIC) Did you have any “side gigs” like rideshare driving or delivery driving—-with no tax withheld?   Are you 65 or older ?  If so, your standard deduction is higher. Everyone has a higher standard deduction now so it is harder to use itemized deductions.   And of course, always check your own data entries, looking for errors such as misplaced decimals or extra zeros.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refund-go-compared-last-year/L97JmhUbi_US_en_US?uid=ld9ijm41   Print out 2024  and 2025  and compare them side by side to see what is different.    https://turbotax.intuit.com/tax-tips/tax-payments/video-why-would-i-owe-federal-taxes/L3VXudPiN
Turbotax said I could take a credit or a deduction. I chose the credit. It brought me to a screen to enter country by country. I must have flicked the mouse a bit too hard so it went off that screen a... See more...
Turbotax said I could take a credit or a deduction. I chose the credit. It brought me to a screen to enter country by country. I must have flicked the mouse a bit too hard so it went off that screen and now it's nowhere to be found. Any suggestions??
I cannot get to the section in the turbotax app to enter my estmated tax payments. the robot keeps telling me to go to FEDERAL/OTHER but I cannot find EST tax paid.
Been filing taxes with turbo tax for years.  Found more bugs than ever this year (2025).  Biggest bug was we couldn't fill in quarterly taxes paid.  It just would not allow us to enter.  We got aroun... See more...
Been filing taxes with turbo tax for years.  Found more bugs than ever this year (2025).  Biggest bug was we couldn't fill in quarterly taxes paid.  It just would not allow us to enter.  We got around it by identifying them as prior year taxes.  It worked but not the way the program was suppose to work.  Very disappointing in Turbo tax this year.  
This question is related but is a little different.  I legally closed my business in the first 3 months of 2025 but did not make any income.  Can I claim those three months of expenses (self-employed... See more...
This question is related but is a little different.  I legally closed my business in the first 3 months of 2025 but did not make any income.  Can I claim those three months of expenses (self-employed insurance, legal costs)?  Thanks.