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I appreciate the new suggestions for finding the substance of the 2 emails I was sent by a TT Expert that directed me to sign in to TT to see the actual messages. So far, I'm not seeing what I've been told I would find after I logged in to TurboTax. So far I've gotten the "We're So Glad  You're Here" welcome screen, that then leads to the "Do Any Of These Apply?" checkboxes. Or, if I use the search history list on the right side of the screen and ask about "Contact History" the AI chatbot replies with, "TurboTax does not have a feature to view your contact history within the software", and proceed to tell me to check my emails from TurboTax support, which is where I started. I really do appreciate all the suggestions, but as intuitive as they seem (even to me) they're not getting me anywhere. Thanks anyway! Seriously!

TurboTax does not support Form 982 for insolvency. The screen where you enter Form 1099-C says the following. "Important info about your canceled debt... In some situations, canceled debt can be excluded from taxable income. These situations might include bankruptcy or insolvency. If you think one of these exclusions apply to you, we recommend you have a tax pro review your situation." In TurboTax Online there is no way to complete Form 982 for insolvency. In the TurboTax Desktop software, you can complete Form 982 and the Statement of Insolvency in forms mode, but there is essentially no help or guidance. You have to know what you're doing. That's why consulting a tax professional is recommended.  

Si vous utilisez TurboImpôt en ligne, effacez les cookies et videz la mémoire-cache de votre navigateur. Voici comment au besoin:  Vider la mémoire-cache Fermez et ouvrez de nouveau le logiciel.    Merci de choisir TurboImpôt  

To Delete a form Online follow these steps.   From the left-rail menu in TurboTax Online,  Select Tax Tools (You may have to scroll down on the left rail menu.) On the drop-down select Tools On the Pop-Up menu, select Delete a Form  This will show all of the forms in your return  Scroll down to the form you want to delete [Sale of Business Property] 4797 Select the Trash Can Click on Delete.  Always use extreme caution when deleting information from your tax return.  There could be unintended consequences.   

Enter the first 3 characters after, not including "IDUSA".  Some other users experienced errors with incorrect issue and expiry dates, so double check they are correct and not swapped as well.    For more information, see Where do I find my document number so that I can e-file my New York return?

@user17730888585 See this TurboTax support FAQ for amending a state tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/need-amend-state-return/L3hGFyaPp_US_en_US?uid=lxxu6xbn

That didn't work - when I originally tried to download my software and apply my license code it took me downloading "Premier" software but I wasn't charged. Most confusing since it clearly shows TurboTax Deluxe in the upper left hand corner. So I don't know what Turbo Tax "program" I am using. 

En date du 8 mars, le seul formulaire qui est encore verrouillé est le TP-726.7 de Revenu Québec pour gains en capital. Ce formulaire est verrouillé dans TurboImpôt Bureau et TurboImpôt en ligne.  Si vous avez besoin de ce formulaire, merci de patienter encore quelques jours.    Si non, vous devriez être en mesure de transmettre votre déclaration.   Si vous utilisez TurboImpôt Bureau et que les formulaires ne vous concerne pas, essayez ceci: même pour les déclarations simples, il semble que l'annexe 3, le TP-726.7 et l'annexe L s'ouvrent ou affichent des montants sans que ça vous concerne. Revérifiez ces trois formulaires un par un. Effacez et fermez chaque formulaire.   1- Allez en mode Formulaires et ouvrez l'annexe 3 2- Allez dans Édition – Formulaire et effacez le formulaire courant. 3 - Revenez de nouveau à Édition – Formulaire, puis cliquez sur Fermer le formulaire courant 4 - Répétez ces étapes pour le TP-726.7 et l'annexe L 5- Revenez de nouveau à Édition - Formulaire et fermer les formulaire inutilisés.    Sauvegardez votre déclaration, fermez et ouvrez de nouveau votre logiciel.    Merci de choisir TurboImpôt

When you claim a Section 179 deduction, you’re choosing to take the full depreciation amount right away. The IRS still needs you to track the vehicle’s business use for the next five years—the recovery period—to make sure a recapture isn’t triggered.   Here is why TurboTax is asking for that percentage and how to handle it:   1. Why TurboTax is still asking Even though there is $0 left to depreciate, the software needs your annual mileage to: Verify "Qualified Business Use": If your farm use drops to 50% or less, you may have to "give back" some of that tax break from last year (this is the Section 179 Recapture). Deduct Actual Expenses: If you aren't using the Standard Mileage Rate, the software needs your percentage to calculate how much of your gas, insurance, and repairs can be deducted this year. 2. How to fix the “Double Depreciation” issue, if it exists If TurboTax is showing a new depreciation deduction for this year (reducing your income further), it’s likely because the "Prior Year Depreciation" wasn't imported or entered correctly. Check the Asset Summary: Go to the Business Assets section. Edit the Vehicle: Look for the field "Prior Year Depreciation" or "Prior Section 179." If you bought the truck for $50,000 and took $50,000 in Section 179 last year, your Prior Year Depreciation must be $50,000. If that field is $0, TurboTax thinks the vehicle still has "basis" left and will try to depreciate it again.    Manually update the Prior Year Depreciation to equal the full amount you claimed last year if that field says "0" or less than $50,000.

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