All Business & farm posts

Re: 1120 Not Printing

user17761486291 — Tue, 14 Apr 2026 06:41:26 GMT

I'm having the same problem. Has this issue been resolved?

Re: Box 14-Description indicates OTPREBox 14-Amount is #483.56What is the Category?

Mike9241 — Tue, 14 Apr 2026 06:26:04 GMT

looks like overtime the 50% premium. But only ypur employer can answer for sure becuase there are no standards as to what can be in box 14.

I'm not finding the CA LLC Form 568 for 2025. Where is it in TurboTax Online?

magarian — Tue, 14 Apr 2026 05:49:47 GMT

The area referred to by TurboTax does not have anything related to California LLC Form 568. Where is it?

Hi, How do I enter Solo401k profit sharing plan contributions?

htf — Tue, 14 Apr 2026 05:39:03 GMT

I can't find where in the new TurboTax to add this.

I cannot e-file my return due to a Schedule E form validation error (missing QBI Passive Op Loss). I've deleted and reentered Sch E. Still has error.

tt2025issues — Tue, 14 Apr 2026 05:04:14 GMT

The AI recommendation was to delete and re-enter Schedule E (which required me to re-enter all past assets as the prior years' history was lost when I deleted it). After re-entering everything, I went to e-file and I get the same validation error message (missing QBI Passive Op Loss). 3 hours trying to fix this through TT online with no helpful recommendations.

Re: amount fields on Section 1256 Contracts screen are not accepting the decimal values. As soon ...

DawnC — Tue, 14 Apr 2026 04:34:09 GMT

What field are you trying to enter the values in? Are you on the Section 1256 screen? I am able to enter decimal values... How do I enter Form 1099-B, box 8 and 11 information into TurboTax?

Re: I am under 17 and have an additional 2000 income from my mother's sole proprietorship busines...

SharonD007 — Tue, 14 Apr 2026 04:32:59 GMT

If she didn't issue you a W-2, you will have to enter it as cash payments as an independent contractor (assuming that she didn't issue you a 1099-NEC).

You are considered self-employed and will complete Schedule C, which is how you report your self-employment income. The good news is that you can deduct ordinary expenses that you incurred by making this income. Follow the steps below to enter your income.

Open TurboTax
Select Wages & Income
Select Self-Employment
TurboTax will guide you through interview screens to help you enter your income and expenses.

For more information, refer to the TurboTax article What Is a Schedule C IRS form?

For additional information, review the TurboTax help articles: What self-employed expenses can I deduct? and How do I report income from self-employment?

You will ‌also be subject to self-employment taxes. Self-employment taxes and deduction are calculated on Schedule SE. For additional information, please see the TurboTax article Self-Employed Federal Income Taxes.

amount fields on Section 1256 Contracts screen are not accepting the decimal values. As soon as the dot is given, it's erasing. any help?

surender-katta — Tue, 14 Apr 2026 04:29:05 GMT

Re: have 1099s so how do I enter the data

DawnC — Tue, 14 Apr 2026 04:24:09 GMT

What kind of 1099s?

Where do I enter my 1099-R?

Where do I enter a 1099-MISC?

TurboTax 2025 Home and Business form 8824 Like-Kind Exchanges

Ed McCauley1959 — Tue, 14 Apr 2026 04:23:22 GMT

Form 8824 Smart Sheet line Q: If the Property exchanged was Section1250 Property, enter the amount that represents unrecaptured Section 1250 gain. I left this Field blank. I have no Section 1250 property, and I have indicated this everywhere on the Return, yet Line 25a. Basis of Like-Kind Section 1250 Property received is followed by a field that is red. This indicates that this Field must be filled in to completed the Form. I have tried closing the Form and re-opening it to cause it to regenerate, closing the Return, and finally closing the TTax program and restarting, but the field still remains red.

have 1099s so how do I enter the data

user17599427441 — Tue, 14 Apr 2026 04:22:18 GMT

Re: I filed my personal taxes but I didn’t file the schedule C(I didn’t see the option and I thou...

DawnC — Tue, 14 Apr 2026 04:18:47 GMT

You need to amend your tax return and add your Schedule C. Your self-employment income belongs on your personal tax return and it can't be filed separately. How do I amend my tax return?

And here is how to add your Schedule C >> Where do I enter Schedule C?

I filed my personal taxes but I didn’t file the schedule C(I didn’t see the option and I thought I should file for my LLC separately) is there any ways to file my LLC?

marco-a-dwyer17 — Tue, 14 Apr 2026 04:10:18 GMT

Re: Why is Schedule B listing k-1 interest and ordinary dividends twice when I created entries I ...

mwilcox1 — Tue, 14 Apr 2026 04:05:08 GMT

Ok I will take a look.. thanks for the details. M

Box 14-Description indicates OTPRE Box 14-Amount is #483.56 What is the Category?

jfairly — Tue, 14 Apr 2026 04:00:13 GMT

What is the category for Box 14 - OTPRE $483.56? Overtime?

Re: Why is Turbo Tax asking for my S Corp name when I enter K1 info from my Non S corp LLC

kthung — Tue, 14 Apr 2026 03:32:15 GMT

I had a similar issue where I accidentally started an s-corp K-1 in the federal section even though I don't have one. I followed the recommendation above to completed the section and then deleted S-corp K-1 form from my federal section, but NJ still kept asking for S-corp info. I ended up following a similar process for the NJ state return (put in placeholder information for the S-corp section) then deleting that form from the NJ forms section. The final check would return errors still asking for S-corp name in the NJ return but I ended up ignoring it.

How can I fix an error in the home office deduction section for Sch. C? It's saying it’s not eligible due to net profit being $0 or less. But I’m reporting a net profit.

sista-licious — Tue, 14 Apr 2026 03:31:58 GMT

Relevant business shows positive total net income. However, TurboTax is saying home office is only ineligible due to same business not reporting a net profit after filling out all details.

I am under 17 and have an additional 2000 income from my mother's sole proprietorship business. She did not generate W-2. How and where do I report it

soumyagupta450 — Tue, 14 Apr 2026 03:28:04 GMT

PPP loans

dkBing — Tue, 14 Apr 2026 02:56:51 GMT

I did not receive a PPP loan that was forgiven in 2020 or 2021; yet, software insists I admit to receiving such a loan???? I cannot proceed without admitting that I received such a loan in 2020 or 2021....Please advise!

Re: in box 14 I have OBBBTT which category do I need to use?

DavidD66 — Tue, 14 Apr 2026 02:41:14 GMT

OBBBTT" in Box 14 of a 2025 W-2 represents Qualified Overtime under the "One Big Beautiful Bill Act" (OBBBA. You should check with your employer to make sure that is just the deductible overtime premium, and not your total overtime pay.

For 2025, you can deduct up to $12,500 for individuals ($25,000 for joint filers) of Qualified Overtime Compensation (QOC)—the premium "half" part of time-and-a-half pay.

The deduction begins to phase-out at $150,000 ($300,000 for joint filers) of Modified Adjusted Gross Income (MAGI). For 2025, employers are not required to break this out and report separately on Form W-2.

Therefore, you may have to calculate the QOC yourself. If your employer does not provide amount, the IRS will allow you to calculate it using "reasonable methods" from your pay stubs, year-end statement, etc. To determine the amount of your deduction (if you are paid time-and-a-half), take your total overtime pay and divide it by 3.

To enter your qualified overtime compensation in TurboTax Online:

Go to the W-2 screen under under Wages & Income.
Add or edit your W-2 for your employer where you worked overtime.
After entering your W-2, look for the Let's check for other situations screen.
Check the box next to Overtime.
Continue until you see the Let’s see if your overtime qualifies as tax-free screen.
If your statement has the deductible overtime premium amount:
Select No help needed-I know what to enter.
Look for the Enter your deductible overtime from [your employer’s name] screen.
Enter the overtime premium amount from your statement for Deductible overtime.

The above information is from the TurboTax Help Article

To Enter Qualified Overtime in TurboTax Desktop 2025:

Go to the Wages & Income section and enter your W-2.
After entering your W-2, proceed through the screens until you reach "Let's check for other situations" or "Uncommon Tax Situations".
Check the box next to Overtime and click Continue.
Follow the prompts and enter your overtime amounts from your year-end pay stub or other source. Note that the deduction applies only to the "premium" portion (e.g., the "half" in time-and-a-half).
Indicate if you are a non-exempt employee, which is generally required to claim this federal deduction.