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Selling items from your closet should not be reported on a Schedule C unless you are actually altering the items and you are creating a business of selling your...
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Great question - so the amounts are reported but only the NET goes to your income. It will be represented on your tax return as follows:Form 8949 will report wh...
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For sale of property, yes. Those are all expenses against the sale. So when you enter the amount there should be a flied where you can enter that and it adjusts...
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Hi, the key here is that the IRS will now have this information and they don't know how much profit or loss you had until you report it. TurboTax will help you ...
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Hi - you can get a PPIN with the IRS for your daughter and then when he tries to file it will get rejected if he doesn't have the number.https://www.irs.gov/ide...
Activity Feed for LisaS
- Got Cheered for Re: receipts?. August 31, 2022 10:41 AM
- Got Cheered for Re: receipts?. August 31, 2022 10:39 AM
- Posted Re: receipts? on Self employed. August 31, 2022 10:38 AM
- Posted Re: I have over $600.00 gross eBay sales in 2022 from selling only personal items. I'm downsizing. Do I report the proceeds on tax return? 1099-K? on Self employed. August 31, 2022 9:51 AM
- Posted Re: I have over $600.00 gross eBay sales in 2022 from selling only personal items. I'm downsizing. Do I report the proceeds on tax return? 1099-K? on Self employed. August 31, 2022 9:36 AM
- Posted Re: I have over $600.00 gross eBay sales in 2022 from selling only personal items. I'm downsizing. Do I report the proceeds on tax return? 1099-K? on Self employed. August 31, 2022 9:23 AM
- Posted Re: Dependent claim on Get your taxes done using TurboTax. July 27, 2022 2:11 PM
- Posted Re: minor filing taxes as babysitter on Get your taxes done using TurboTax. June 8, 2022 3:17 PM
- Posted Re: Classic Car sale Capital Gains on Get your taxes done using TurboTax. June 8, 2022 3:11 PM
- Got Cheered for Re: Difference between claiming 1 and 0. June 8, 2022 3:10 PM
- Posted Re: Difference between claiming 1 and 0 on Get your taxes done using TurboTax. June 8, 2022 3:08 PM
- Got Cheered for Re: Difference between claiming 1 and 0. June 8, 2022 3:04 PM
- Posted Re: How to correct a mistake in 2021 taxes on Get your taxes done using TurboTax. June 8, 2022 3:02 PM
- Posted Re: Difference between claiming 1 and 0 on Get your taxes done using TurboTax. June 8, 2022 2:57 PM
- Posted Re: No. If you file married filing separately all his income... on Get your taxes done using TurboTax. February 14, 2020 1:38 PM
- Posted Yes, it will be a part of your return. so it will reduce... on Get your taxes done using TurboTax. June 6, 2019 6:04 AM
- Posted Yes, because you are using the self-employed version you... on Get your taxes done using TurboTax. June 6, 2019 5:58 AM
- Posted I would recommend selecting "pay by check". Then you nee... on Get your taxes done using TurboTax. June 6, 2019 5:42 AM
- Posted Sorry, this is not a service we provide. on Get your taxes done using TurboTax. June 6, 2019 2:48 AM
- Posted Correct, the 1040x will reflect the changes so you don't... on After you file. June 6, 2019 2:47 AM