You may enter it under Supplies or you may enter it under Miscellaneous Expenses and enter your own Description.  See the screenshots below. Business assets with a useful life over a year are generally recorded under "Assets/Depreciation" on the Business Income and Expenses section. To enter your business expenses:  Sign into your account and open your return by clicking the orange Take me to my return button. Type Sch C in the search/find bar and click search/find. Click on Jump to Sch C. Click on start/edit or Add Another Business. At the Your XXX Business screen, scroll down to Business Expenses, Other Common Business Expenses. Click Start/Edit.  On the Let's write off some business expenses screen, scroll down to Supplies or Miscellaneous Expense.  Continue with the onscreen interview.  ... View more

This is directly from the IRS website:  The IRS still anticipates issuing more than nine out of 10 refunds in less than 21 days, but there are some important factors to keep in mind for taxpayers.  The IRS reminds taxpayers that, by law, the IRS cannot issue refunds claiming: the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) before mid-February.  While the IRS will process those returns when received, it cannot issue related refunds before mid-February.  The IRS expects the earliest EITC/ACTC related refunds to be available in taxpayer bank accounts or on debit cards starting on Feb. 27, 2018, if they chose direct deposit and there are no other issues with the tax return.  To read the entire IRS article, click on 2018 Tax Filing Season Begins Jan. 29, Tax Returns Due ... - IRS.gov ... View more

Yes, you have to file an income tax return if you make at least $400, from what the IRS considers self-employed income. Self-employed income is reported on a 1099-MISC form, which is what you have. You must pay SE tax if you had net earnings of $400 or more as a self-employed person. Per Tax Topics - Topic 554 Self-Employment Tax - IRS.gov If you do not file or include the 1099-MISC form on your income tax return, the IRS will send a letter with penalties and interest. Related information: Does a 1099-MISC mean I'm self-employed? Why is there an amount in Box 7 (Nonemployee Comp) on my 1099-MISC? Independent Contractor (Self-Employed) or Employee? - IRS.gov ... View more

You have to be in a particular TurboTax state income tax return to get to the Credit Paid To Other States or Country screens.  When you are preparing more than one state income tax return, each state will ask if you paid taxes to another state. See the screenshot example below. Once you've determined that you need to file a part-year/nonresident state return, the first thing you want to do is make sure you've filled out the Personal Info section correctly: With your return open, click the first tab, Personal Info. Continue to the Your Personal Info Summary screen. Scroll down to the last section, Other State Income, and click Edit. At the Did you make money in any other states? question, answer Yes and make sure your nonresident state(s) are selected from the drop-down. Click Continue to return to the Your Personal Info Summary screen. After you finish your federal return, you'll automatically move to the State Taxes tab, where you'll see your nonresident state(s) listed in addition to your resident state. To ensure accurate calculations, we strongly recommend preparing your nonresident state return before you prepare any resident or part-year state returns. More tips: Select the long form (if the option is available) even if TurboTax defaults to the short form. Only report the income attributable to the nonresident state. If preparing a nonresident return solely to recover erroneous tax withholdings, enter 0 on the screen that asks for the amount of income earned in that state. This will eliminate your tax liability for that state, resulting in a full refund. If you live in a reciprocal state, consider submitting an exemption form to your employer so you don't have to file a nonresident return next year. See the screenshot below for a nonresident/part-year resident state income allocation. Related Information:How do I allocate (split) income for a part-year state return? ... View more

Yes, you are taxed on grants, scholarships and stipends on the amount that exceeds your qualified education expenses.  No, you are not taxed on loans. Scholarships, fellowships, and Pell grants received by registered students who are working towards a degree at a college, university, or other accredited educational institution are generally nontaxable as long as the money is used for qualified education expenses. On the flip side, you can't claim education credits or deduct expenses that were paid with these tax-free funds. If you use your scholarship to pay for any of these, it counts as income and the amount paid is taxable: Room and board Travel Any fees, books, and supplies or equipment that are not required for your courses If you’re getting a degree at an eligible school, your scholarship is tax-free when used for: Tuition and fees Fees, books, supplies or equipment required for your courses Any scholarship or fellowship for services received under the National Health Services Corps Scholarship Program or the Armed Forces Health Professions Scholarship and Financial Assistance Program For example, if you used your scholarship to pay for tuition and room and board, you would be taxed on the room and board payment but not tuition. ... View more