I am self-employed contractor using Home and Business. Am I supposed to
enter the 1099 nec that I paid to my subs under "contract labor" in the
business expenses section or should I enter them in the personal incomes
section where it has a section fo...read more
panghoPosted 3 hours ago
| Latest post 3 hours ago by
AmyC
I sold a vehicle last year that I used for business. When I got to the
review part of turbo tax, 2 lines on the car and truck expenses
worksheet were flagged for errors under the disposition of vehicle
section: lines 51 & 52 about depreciation allowe...read more
bre218Posted March 17, 2023
| Latest post 6 hours ago by
lenayelis
The odd thing is that the 2024 software was properly working on my
laptop at some point. Something has gone wrong. When I now try to launch
the software an error message (no code #) pops up and it gives me the
option to send feedback to Intuit, which...read more
I am using TT premier desktop edition.I have a side business with about
100k income. I received a 1099-MISC (about 100k) and a 1099-NEC (about
1k). I have always been able to deduct my home office in the past with
HR block. I initially made the mista...read more
If over 70 with Schedule C business income, am I limited to an $8,000
SEP contribution for 2024? TurboTax calculated the maximum at $22,000,
but Schwab states I'm limited to $8,000. Please advise.
JTL13Posted yesterday
| Latest post yesterday by
SusanY1
My local County Office of Education has a program where they give you a
stipend for completing college classes towards an education degree. They
also give a lump sum when you complete an associates or bachelors
degree. This money goes to me not to my...read more
We receive a payment from the utility of we generate more electricity
than we use over the course of the year. The amount is less than the
$600 required to generate a 1099-MISC. If I try to enter the amount as a
1099-MISC anyway (as you would for int...read more
For the first quarter I am a Sole-Proprietor (SP) and starting in April
I am ending that business and will be employed by a corporation. I
understand that my 401K "base" and catch-up are not to exceed $31k (over
50). My question is around other ways ...read more