Nine years as Tax Expert with TurboTax; Certified Public Accountant (Texas, retired) since 1998; 20+ years of tax accounting, specializing in small businesses and partnerships
Adjust your entry to account for the amount carrying over from Schedule E. In other words, subtract the Schedule E portion from the adjustment you calculated so...
When you entered what kind of work you do, TurboTax Online automatically added your business code to your tax return for you. If you left that question blank, y...
Form 8829 reportsExpenses for Business use of Your Home. While the form has been finalized, the final software update has not been released. Since TurboTax Onli...
Form 4562 reports Depreciation and Amortization. While the form has been finalized, the final software update has not been released. TurboTax Online is updated ...
If the construction loan was secured by your new home, you would amortize those points over the life of the loan. In your case, allocate the points over six mon...
