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As far as income tax is concerned, if you form a partnership, the partnership has to file its own Form 1065 partnership tax return, separate from your Form 1040 personal tax return. The partnership tax return includes a Schedule K-1 for each partner. Each partner has to enter information from his Schedule K-1 in his personal tax return. You might be subject to other business taxes, besides your regular income tax, in New York. This would be true whether it's a partnership or some other form of ownership. If you hire someone as an employee you would have to deal with New York employment taxes. For at least the first year you should have a tax professional, preferably in New York, show you how to handle the taxes and prepare the tax returns for the business. There are other considerations that you have to pay attention to besides taxes. You should consult a small-business lawyer in New York for advice on how to set up the business. And consult an accountant (who might also be your tax expert) to show you how to keep financial records for the business.  

We cannot tell you how much the tax will be. It depends on your other income and many other factors. You could prepare a dummy tax return will all of your other income, deductions, and credits, then add the gambling income and see how much the tax increases. If you do that, do not use the same TurboTax Online account that you use for your actual tax return. You do not want to modify your actual tax return. If you create a separate account for the dummy tax return, be sure to keep track of which account you are using for your actual tax return and which account is the dummy.  

@rjs What do I need to pay attention if it is partnership with someone else (relative, or my brother who lives in NYC). I could either hire someone there or partnership (both sides invest some money, I will put majority of money, while the other party actually runs it most of time).  

When you prepare your New York nonresident tax return in TurboTax, it will ask you to identify which income is from New York. All of your income is subject to tax by Virginia, the state that you live in, no matter where the income is from. You will get a credit on your Virginia tax return for part or all of the tax that you pay to New York. Prepare your New York nonresident tax return first, then your Virginia resident tax return, so that it can correctly calculate the credit.   @VAer wrote: I post here because it is great public forum. Well, that's a good reason to use TurboTax, isn't it?  

If your fees were that high, you must have used "Live" online software, so you should talk to your expert.    You can arrange for the Live help you are paying the extra fee for with your questions from 5 a.m. to 5 p.m. Pacific time Monday - Friday.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/product-setup/connect-tax-expert-turbotax-live/L73wOZD5D_US_en_US?uid=m8zw1pbb  

You can enter the phone number of a U.S. relative or friend. You can also use a "dummy number" like 800-555-1212. The IRS recognizes this as a placeholder and will send mail if they have any questions.

No one in the user forum can resolve a billing issue.  If you have a question about your TurboTax fees or billing, make sure you use the word “billing” in your request for help.  Do not use the word “refund.”   https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/contact-turbotax/L2y9ZKpQB_US_en_US?uid=m5s9l2vh  

CAN I USE TURBOTAX TO AMEND IF THE RETURN WAS PREPARED SOMEWHERE ELSE?   If you did not use TurboTax to prepare your tax return, it is possible to amend the return using TurboTax but it will really be a pain.  It would be better to use the software or service used to file originally.  If a paid preparer made a mistake on your tax return, that tax preparer should do the amended return for you at no charge. In order to use TurboTax to amend your return, you need to purchase the desktop software for the tax year and re-create the return EXACTLY as it appeared when it was filed with the IRS/states.  Every line has to be the same.  Then you have to "trick" the software into thinking you filed by saying you will mail the return. (but do not mail it)   AFTER that, you use the software to prepare a Form 1040X, which has to be printed, signed and mailed to the IRS.  It takes the IRS about 4-6  months to process an amended return   https://turbotax.intuit.com/personal-taxes/past-years-products/ You may also want to explore purchasing the software from various retailers such as Amazon, Costco, Best Buy, Walmart, Sam’s, etc.

If you did not save those old returns as pdf's then, no, you will not be able to open them.   There is a service --Taxprinter.com -- that is not affiliated with TurboTax which you might want to explore.  We do not know much about it or how much their fees are.