hntrust
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Activity Feed for hntrust
- Posted TurboTax doesn't generate 1040 schedule B on Get your taxes done using TurboTax. April 6, 2022 7:00 PM
- Posted My wife and I each have a sole proprietor business. We file jointly. How do I enter multiple businesses using TurboTax Home & Business? on Business & farm. March 29, 2022 11:58 AM
- Posted Re: LLC tax filing on Business & farm. October 12, 2021 6:43 PM
- Posted LLC tax filing on Business & farm. October 12, 2021 6:02 PM
- Posted Re: TurboTax Updates on Unemployment Tax Relief on Get your taxes done using TurboTax. April 5, 2021 6:27 AM
- Got Cheered for Re: TurboTax Updates on Unemployment Tax Relief. March 27, 2021 12:33 PM
- Got Cheered for Re: TurboTax Updates on Unemployment Tax Relief. March 27, 2021 11:21 AM
- Got Cheered for Re: TurboTax Updates on Unemployment Tax Relief. March 27, 2021 11:21 AM
- Posted Re: TurboTax Updates on Unemployment Tax Relief on Get your taxes done using TurboTax. March 26, 2021 6:47 AM
- Posted Re: TurboTax Updates on Unemployment Tax Relief on Get your taxes done using TurboTax. March 25, 2021 11:17 AM
- Got Cheered for Re: TurboTax Updates on Unemployment Tax Relief. March 25, 2021 11:13 AM
- Posted Re: TurboTax Updates on Unemployment Tax Relief on Get your taxes done using TurboTax. March 25, 2021 10:58 AM
- Got Cheered for Free state e-filing?. January 30, 2021 5:45 AM
- Got Cheered for Free state e-filing?. July 15, 2020 11:24 PM
- Got Cheered for Free state e-filing?. May 25, 2020 5:19 PM
- Cheered Re: Schedule C and Form 4562 (Depreciation) for ThomasM125. April 16, 2020 6:25 PM
- Posted Schedule C and Form 4562 (Depreciation) on Deductions & credits. April 16, 2020 10:22 AM
- Posted Schedule C and Form 4562 (Depreciation) on Business & farm. April 15, 2020 6:16 PM
- Posted Re: Depreciating a piano on Deductions & credits. April 8, 2020 12:57 PM
- Cheered Re: Depreciating a piano for JamesG1. April 8, 2020 11:04 AM
April 6, 2022
7:00 PM
I manually entered interest payments and imported dividends from TD Ameritrade. When I did a preview of all forms that will e-file, Schedule B was not there, although on page 1 of the 1040 interest and dividends are correct. What do I do now to make sure Schedule B is included?
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October 12, 2021
6:43 PM
A slight clarification on my question. She is a health provider and all providers that offer services through a corporation or LLC need to obtain an NPI (National Provider Identifier) in the name of the company from the US Department of Health and Human Services. The NPI is used so insurance companies can reimburse the company for claims filed on behalf of a patient. On the form they request an EIN for the company. So in this case she needs to get the EIN for insurance purposes. So when filing Schedule C it is under her SSN but how does the IRS link payments from insurance or cash paying clients made to the LLC to her SSN?
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October 12, 2021
6:02 PM
My daughter formed a single member LLC in North Carolina. She intends to elect to file as a sole proprietor and will use Schedule C to report income. Does she have to obtain an EIN in the name of the LLC. If so does the EIN get entered on Schedule C? Also in the future if the business grows where it may be advantageous to file as an S Corp, would she be able to make that election using the same LLC or would she need to form a new LLC and then elect to be taxed as an S Corp?
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April 5, 2021
6:27 AM
It depends what state you are in. My state was updated on April 2 to reflect the unemployment benefits exemption. Unfortunately NC decided to not follow the federal forms and is taxing entire unemployment received. Other states have not decided yet. Just sign in to TurboTax everyday to see if the state you live in has been updated.
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March 26, 2021
6:47 AM
1 Cheer
I just opened Home and Business Desktop. The update is installed. Thanks TurboTax.
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March 25, 2021
11:17 AM
1 Cheer
Did you speak with someone who understands English? Those Pakistani customer service representatives are trained to agree with everything those dumb Americans say just to get you off the phone. 😂
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March 25, 2021
10:58 AM
2 Cheers
Everyone needs to be patient. Those programmers in Pakistan aren't familiar with the IRS code.
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April 16, 2020
10:22 AM
On schedule C, TurboTax did not fill out Part IV for using the standard mileage rate for my car that I use sometimes for business. Instead it filled out form 4562 Part V, section B (Information on Use of Vehicles). On Schedule C Part II line 9, the correct entry was made for Car and truck expenses. I am not claiming any depreciation for the car but I am depreciating another asset that was placed in service for 2019. Is that why form 4562 was used for the car expenses? In prior year when I had no assets to depreciate, TurboTax just put the car mileage on Schedule C Part IV. I just want to make sure the entries were done correctly for 2019 and won't raise a red flag. Thanks
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April 15, 2020
6:16 PM
On schedule C, TurboTax did not fill out Part IV for using the standard mileage rate for my car that I use sometimes for business. Instead it filled out form 4562 Part V, section B (Information on Use of Vehicles). On Schedule C Part II line 9, the correct entry was made for Car and truck expenses. I am not claiming any depreciation for the car but I am depreciating another asset that was placed in service for 2019. Is that why form 4562 was used for the car expenses? In prior year when I had no assets to depreciate, TurboTax just put the car mileage on Schedule C Part IV. I just want to make sure the entries were done correctly for 2019 and won't raise a red flag. Thanks
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