Self employed

Pershing/ BNY reports ordinary investment income (coupon payments on their investment notes) on 1099-MISC box 3. After I answer all of TurboTax questions truthfully, it concludes that it is some sort of self-employment income and creates schedule C. Why can't TurboTax handle this correctly? It seems a TurboTax bug to me. Reading through IRS publication about 1099-MISC (https://www.irs.gov/pub/irs-pdf/i1099mec.pdf), my interpretation is that the brokerage should be ok to report ordinary investment income (that's not dividends, royalties, stock transactions, interest, etc) on box 3. TurboTax should handle this correctly.

TT automatically calculates the excess APTC, and adds it to tax owed. However, it doesn't then add this amount in sch 1, line 17, to lower the AGI.

Washington State has a Long Term Care tax and an FMLA Tax that is taken automatically out of the "employees" pay each month.  There is an exemption process you can go through for the Long Term Care tax, but there is no such thing for the FMLA Tax.  This question is NOT about what the employer pays.  Just about what the "employee" have to pay.  I work for a company based only in Washington State.  I'm a fully remote worker living in Florida.   So I will NEVER get to use the WA State FMLA employee paid program because I do not live there.  Yet I pay around $600 a year for it. Can I take the premium I'm forced to pay as a tax deduction anywhere on my federal taxes?

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How do I enter a 1099_MISC

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Hello, I've filed my taxes already but have a question regarding retirement account contribution limits if I am both self employed and have a w-2 job. I max out my employer sponsored 401k and max out my Roth IRA. I have heard I can open a SEP-IRA or a solo 401k, but I can't find a clear answer on how much I could contribute to one of these accounts given I already max out the Roth and 401k at my work. I am thinking of opening one now and contributing before the deadline to get some money back as I paid quite a bit in taxes, and heard this can lower my taxable income. QUESTION: Could someone please clarify if, given the fact im maxxing my Roth and 401k at my work, opening a SEP-IRA or solo 401k could reduce my taxable income? If so, which one would be best recommended for a sole proprietor? For context, I also had to withdraw some roth IRA contributions since I was over the income limit. I have seard the SEP is simpler to set up so I'm leaning towards that. Thank you so m

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I have moved and have filled out the return for my current state and need to purchase my previous state return.  I keep getting a "Hmm...it looks like we've hit a slight snag" message.   What do I need to do to get the additional state return?

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Hi, I’m looking for guidance on how to handle startup and education expenses for a new single-member LLC. I formed my LLC in September 2025 while working full-time as a W-2 employee and began this business as a side venture. I started incurring startup costs in 2025 (LLC and DBA formation, business insurance), with additional setup costs continuing into 2026 (website development, logo design, etc.).I signed a lease in March 2026, and my website launched at the end of that month. That’s when I began offering services to clients.I operate as a Reiki practitioner, with a small amount of product sales and minimal inventory. I've also paid for continuing education and advanced training related to this business in 2025 and January 2026. I had previously completed Reiki II and pursued this additional training to advance to the Master level and expand my services.My questions:Should I deduct startup and related expenses on my 2025 return, or in 2026 when the business became active?How are

delete schedule 2

This form should not be included on my return and I can't delete it.  I checked the instructions and I do not meet any criteria for filing this form.  How do I delete it???? I sent a copy of the return data and got a token: Token # 123145976496764-97769996 [restored] Can somebody please help me? John [removed]

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