All Business & farm posts

I made net earnings of $26.58 selling Norwex, do I need to put this on my taxes?

agfree33 — Tue, 14 Apr 2026 00:22:28 GMT

I made net earnings of less than $100 on a side business, do I need to put this on my taxes?

Re: i typed in wrong info in form 8853 how do i delete it

MaryK4 — Tue, 14 Apr 2026 00:13:11 GMT

To delete the form:

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 titled “Tools Center,” select Delete a Form
This will show all of the forms in your return
Scroll down to the form you want to delete
Select the Form
Click on Delete.

i typed in wrong info in form 8853 how do i delete it

jeffwalbruch — Tue, 14 Apr 2026 00:11:15 GMT

Re: How do you delete ending inventory for self-employment? I deleted the entire section, but the...

JamesG1 — Tue, 14 Apr 2026 00:04:57 GMT

In TurboTax Online, correct inventory entries by following these steps:

Down the left side of the screen, click Federal.
Down the left side of the screen, click Wages & Income.
Scroll down to Self-employment click on the dropdown menu.
Click Start/Revisit to the right of Self-employment income and expenses.
At the screen Your 2025 self-employed work summary, click the pencil icon to the right of the self-employment activity.
At the screen Here's your XXX info, under Expenses, click the pencil to the right of Inventory.
At the screen Do you have inventory, click Yes and click Continue.
At the screen Let's get the value of inventory, enter correct amounts.

How do you delete ending inventory for self-employment? I deleted the entire section, but the program added it to Schedule C and won't delete it?

mktafoya — Mon, 13 Apr 2026 23:55:08 GMT

Do you need separate K-1 if all type of activity is 0

lennette_watts — Mon, 13 Apr 2026 23:46:39 GMT

Do you need separate K-1 if all type of activity is zero loss

Re: i have had the same issues with Schedule CR, Section 3, Part 6 - Code 20-Amount (TP) for the ...

DawnC — Mon, 13 Apr 2026 23:44:17 GMT

For Virginia? What issue do you continue to have? Exit the review and go back to the VA return and update the entry there. If there are any zeros showing during the interview, delete the zero and leave the field blank. But exit the review to make the changes and edit from the state interview so it sticks.

Re: I had an S-corp business in 2024. It is gone in 2025, but there is carryover. How do I answer some of the relevant questions.?

AmeliesUncle — Mon, 13 Apr 2026 23:43:56 GMT

@davidwmurto wrote:
I do have carryover losses.

What type of carryover losses are they? There are many kinds of carryover losses. Many should have been fully dealt with on the 2024 return, but others may carry over to the 2025 return. But we can't tell you what to do unless you indicate what kind of losses are being carried over.

Re: Is form Schedule D available to fill out as part of the return? I can't seem to locate it

DavidD66 — Mon, 13 Apr 2026 23:40:23 GMT

The program will generate Schedule if you enter capital gains or losses, or if you have a capital loss carryover from the prior year. If you don't see Schedule D, it's because you haven't yet entered anything that needs to be reported on Schedule D.

Re: How do I add My Schedule K-1 Income to the Schedule D on my 1040? There is no way to enter it manually & the company does not show up in Turbo Tax Online.

Mike9241 — Mon, 13 Apr 2026 23:40:07 GMT

You enter your K-1 through the TurboTax K-1 worksheet. Not elsewhere because it will end up on the wrong lines of forms and schedules, resulting in IRS notices.

You'll have to upgrade to premium which supports K-1s

Re: How do I add My Schedule K-1 Income to the Schedule D on my 1040? There is no way to enter it...

JamesG1 — Mon, 13 Apr 2026 23:38:44 GMT

Are you trying to report income reported on the Schedule K-1? Or are you wanting to report the sale of the investment which issued the Schedule K-1? Please clarify.

To enter an IRS form K-1 into TurboTax Online Premium, follow these steps.

Down the left side of the screen, click on Federal.
Down the left side of the screen, click on Wages & Income.
Under Wages and income, scroll down to S-corps, Partnerships and Trusts and click to the right.
Click Start / Revisit or Edit / Add to the right of Schedule K-1 or Business partner income statement.
At the screen Tell Us About Your Schedules K-1, click to the right of the Schedule K-1 that you want to enter.
Enter the K-1 information as requested.

i have had the same issues with Schedule CR, Section 3, Part 6 - Code 20-Amount (TP) for the last few years. Please help.

jcb95 — Mon, 13 Apr 2026 23:38:31 GMT

Re: Car & Truck Worksheet for Form 4562

AmeliesUncle — Mon, 13 Apr 2026 23:35:08 GMT

Go back through the questions and look for the one that asks if you kept track of personal use. Say YES.

Is form Schedule D available to fill out as part of the return? I can't seem to locate it

khoang2060 — Mon, 13 Apr 2026 23:34:47 GMT

I've been filing the form for a numbers of years.

Re: sale of personal vehicle used partially for business

AmeliesUncle — Mon, 13 Apr 2026 23:32:50 GMT

You are correct that it uses the current year percentage, so if the business percentage varied, TurboTax does not handle the sale.

While you could manually calculate and manually report the sale in the "Sale of Business Property" section, that usually causes other errors.

In short, TurboTax is not set up to report the sale of an asset that varied in business percentage. Even IF they were to ever implement that ability, it certainly won't happen in this year's tax software. Personally, I highly doubt if they will ever implement that ability.

How do I add My Schedule K-1 Income to the Schedule D on my 1040? There is no way to enter it manually & the company does not show up in Turbo Tax Online.

skopelman — Mon, 13 Apr 2026 23:31:04 GMT

Re: The Partnership/LLC section under federal seems to be forcing my k-1 to a partnership, so my ...

PatriciaV — Mon, 13 Apr 2026 23:25:39 GMT

To the IRS, an LLC is a partnership unless it elects otherwise. You can report your business as an LLC in the California state interview.

Go to States and start the California interview.
Continue to the page "Here's the income that California handles differently" and Start/Revisit "Business Profit or Loss Adjustment."
Edit your LLC.
Click Yes to the question, "Is XXXX owned by a single-member LLC?"
You should see a message about Form 568.
Continue through the interview and make any entries or changes necessary on Form 568.
Continue back to the income summary page.

Re: How do I turn off the auto-import?

VolvoGirl — Mon, 13 Apr 2026 23:12:56 GMT

@MrVette You can skip importing. In my Windows Desktop program I have to scroll down on a lot of screens to get to the boxes to skip or continue. That is the only problem I have is to remember to scroll down.

Re: How do I turn off the auto-import?

AmyC — Mon, 13 Apr 2026 23:08:56 GMT

For the desktop, on the screen where you select Import Now, instead select Skip Import, select the type of form and enter it.

@MrVette

Re: PPP Loans

NewDawn — Mon, 13 Apr 2026 22:59:40 GMT

This isn't the only glitch in the system that is taking a lot of extra time this year. Not fun.