Self Employed Group | Intuit TurboTax Community

Self employed

The OK SCorp program (512-S) of the Turbo Tax Desktop Business program did not provide a way to enter and submit OW-8-P-SUP-C, which annualizes my business income over 4 qtrs, allowing me to avoid penalty and interest for underwithholding. This is ve... read more

How to solve a fraudulent 1099-NEC?

A payer I worked for in 2016 sent me a 1099-NEC for the year 2023, when I did not work for them in 2023, and he did not pay me any money in 2023. I know this payer; he has done something similar to me in 2017, sending me and others who used to work f... read more

Sole proprietor - can I take Lifetime Learning Credit (LLC) AND deduct my tuition as a business expense?

I am a sole proprietor working in data science / computer science. I am doing a computer science masters program that "maintains or improves skills needed in my present work" and which does NOT "qualify me for a new trade." I qualify for the Lifetime... read more

Reporting a Business Refund as an Expenditure

Where is a refund as an expenditure entered?

SEP IRA backdoor roth conversion

Hello,how do I enter backdoor sep Roth conversion in TT desktop version home and business? Was on for 2 hours with 3 different TT experts and couldn’t figure it out. My 1040 4b is still showing that as Taxable Income. I entered the 1099R correctly an... read more

What are the 1099-misc rules for selling merchandise at antique shops

1099-misc is not used for merchandise sales at antique/consignment shops.

Covid 19Tax credit for self employed sick family leave 2021

60 days sick covid 19

I am a vendor at an antique shop. should I receive a 1099-MISC for my vendor sales at the antique/consignment shop.

Writing off Leasehold Improvements

I asked this question and got an answer saying that I CANNOT write it off since I do not own the house and another answer saying that the first answer is WRONG. I'm more confused than ever. Here's the question: I rented a home from someone 2 years ag... read more

How do fill 1099-nec

Credit for Self-Employment Taxes

Where is the 50% credit for the self-employment tax entered?

Can state tax refund for 2020 tax year received after filing self-prepared itemized tax returns in 2023 count as Earned Income for determining EITC and ACTC eligibility?

In 2023, I self-prepared and filed my 2020 tax year return, where I itemized deductions and deducted state and local taxes and then received a state tax refund. For 2023 tax year return, which I am working on right now, can I include the state tax re... read more

I have received corrected W2 which I received today (5/1). They have sent this on 4/19 and it was for box 12 coded AA 23.

I got out of military in Dec 2023 and I am confused whether I have to amend tax return because previous reported was 7700 and correct information is 7500. How do I go about this? Do I need to amend this?