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robertlstevens
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- Posted Re: I am done and paid, not it says I have a box 7 on a 1099 G that needs zeroed or removed...how... on Get your taxes done using TurboTax. Monday
- Posted Received a 1099-G for my business (taxable grant) - can not determine how to report in Turbotax on Community Basics. Monday
- Posted Re: I am done and paid, not it says I have a box 7 on a 1099 G that needs zeroed or removed...how... on Get your taxes done using TurboTax. a week ago
- Posted Re: I can't find a way to enter my 1099-G for a small business state of WI grant? on Business & farm. a week ago
- Posted Re: Recording a traded in asset for a new asset paying $3,200 difference on Business & farm. March 17, 2020 4:59 PM
- Posted Re: Recording a traded in asset for a new asset paying $3,200 difference on Business & farm. March 17, 2020 9:16 AM
- Posted Recording a traded in asset for a new asset paying $3,200 difference on Business & farm. March 13, 2020 8:18 PM
- Cheered Re: Section 179 Deduction for DaveF1006. March 13, 2020 7:59 PM
- Cheered Re: Section 179 Deduction for Carl. March 13, 2020 7:59 PM
- Posted Section 179 Deduction on Business & farm. March 10, 2020 6:12 PM
Monday
The question is - where is the appropriate place to enter this income - under my business or in the personal section. If under business - how and where do I enter it in turbo take. There is no option to enter a 1099-G in the business section
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Monday
I received a 1099-G for my business (refund of workers compensation) and it reports the income in box 6 - taxable grants. I can not find where I can enter income from 1099-G in my business schedule C in turbo tax. The only place I can find to enter a 1099-G in in the personal section under other common income. However, the 1099-G references my EIN number under Recipient's TIN not my personal SS number. How do I enter this 1099-G in turbo tax? Thanks so much for your help.
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a week ago
I received a 1099-G for my business (refund of workers compensation) and it reports the income in box 6 - taxable grants. I can do find where I can enter income from 1099-G in my business schedule C in turbo tax. The only place I can find to enter a 1099-G in in the personal section under other common income. However, the 1099-G references my EIN number under Recipient's TIN not my personal SS number. How do I enter this 1099-G in turbo tax? Thanks so much for your help.
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a week ago
Other Common Income is in the personal income section of Turbo Tax. I received a taxable grant (refund of workers compensation) for my business and the 1099-G references my EIN number for my business not my personal SS number. However, I can not find anywhere in Turbo tax the ability to enter a 1099-G in my business section.
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March 17, 2020
4:59 PM
Can you please walk me through how I would enter this into turbo tax.
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March 17, 2020
9:16 AM
I took section 179 deduction for a total of $12,000 in 2018.
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March 13, 2020
8:18 PM
on 12/29/19, I traded a commercial mower I purchased for $12,000 in 2018 used in my business for a 2020 commercial mower and I paid $3,200 difference. The following is how I entered this in turbo tax. Added an asset, equipment, cost of $3,200. I then edited my 2018 asset, indicated that I sold the asset for a sales value of $0. Is this correct (entering a sale of the asset traded in at $0 then adding an asset at the trade in price of $3,200)?
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March 10, 2020
6:12 PM
I built a shop in 2019 for the storage and maintenance of my landscape equipment used in my business. The cost of construction was $51k. I entered this asset into turbo tax as an asset, classified the asset as real estate property, then entered the asset as nonresidential real estate, purchased asset new. Turbo tax then gave me the option of using section 179 deduction to expense the entire cost of the construction expense of $51k. I was surprised that the construction cost of building a shop could be deducted in full using section 179. I was expecting to have to depreciate over 39 years.
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