On the Schedule c, it asks if i "actively participated in this work".
Would that be a yes? Or since I am not making management decisions
obviously for uber eats, and didn't work more then 500 hoursm would it
be a no?
Trust that rents out land for farming. Tax return was done by
professional tax prep since 2021 and decided to try to do it myself with
TurboTax Business. TurboTax is treating the income on the K1 as line 5
verses the tax professional had it on line 7...read more
tax2016sdkPosted 5 hours ago
| Latest post 2 hours ago by
M-MTax
As self employed with around 240k gross income I contributed 50k to SEP
IRA. Turbotax says that maximum allowed is 17,500. Why is that?
According to IRS, maximum is the lesser of 25% or 67k.
My dependent son (Age 15) has $1,400 of W-2 income, and $700 of
self-employment income from refereeing. He has one deductible expense
($68 for a uniform.) Does this qualify for the TurboTax free edition for
the Federal return?
cllninePosted 5 hours ago
| Latest post 5 hours ago by
xmasbaby0
Doing taxes for 2024. Got all done with Federal taxes. Click on download
CA state and pop up says it downloaded but then circles back to same
screen to download and it didn't download...
The Business Income table says Business Income and Expenses "needs
review" when all the information on the numerous pages feeding seems
complete and accurate. Clicking on Business Income and Expenses yields a
calculated gross and net business income....read more
cjenvPosted Sunday
| Latest post 9 hours ago by
PatriciaV