Category: Turbotax

This does not include your primary residence. Special rules apply to those sales . You’ll use Turbo. Tax Premier to report capital gains and losses as described above. If you have just interest and dividends (Schedule B) you can use any version of Turbo, and tax. However, if you have capital gains /losses reported on […]

You can use Turbo. Tax Self-Employed, Turbo. Tax Self-Employed Live, Turbo. Tax Home & Business for Windows, and Turbo. Tax Business to create W-2 and 1099 forms (including 1099-NEC and 1099-MISC) for your employees and contractors. After signing in to Turbo. Tax, open or continue your return. While I was researching we ran into the […]

, turbo Tax accepts credit, debit, and pre-paid cards with a Visa, Master. Card, American Express, or Discover logo. Like many other U. Online merchants, Turbo. Tax can only process cards with a U., and billing address. A second option is to pay with your federal refund, also known as Pay With My Refund (charges […]

, the turbo Tax products that support K-1’s are: Turbo. Tax Online Premier and Self Employed. What’s the difference between Turbo. Tax Online and the Turbo, and tax cd/download? The deluxe version is only about support. Their free version includes much of what is included in Turbo. Tax Premier (investments, rental income) and Home & […]

You have to use Turbo. Tax Business (different from Home & Business) to file an 1120-S tax return for the S-Corp. Using that program, the S-Corp will issue you a K-1, which you will need for your personal tax return. So you can’t even start your personal return, until you have completed the 1120-S corporate […]

If you have business expenses to report, you’ll need Turbo. Tax Self-Employed or Turbo. Tax Live Self-Employed to file a Schedule C. If you don’t have business expenses to write off and need to file a Schedule C, you can use Turbo. Tax Deluxe, Turbo. Tax Live Deluxe, Turbo. Tax Premier, or Turbo. Tax Live […]

You can deduct the Turbo Tax cost or any tax preparation fees you actually paid in on your tax return no matter what year it is for. But it is a Misc Deduction and only the amount OVER 2% of your AGI is deductible so it might not be worth putting it in. Does turbotax […]

By giving your information to Turbo. Tax, you also give it to Intuit, which can share it with its other business lines. Intuit requires one account for all of its products, though signing up for one does not automatically sign you up for all. Should I switch from TurboTax to one Intuit account? You should […]

, turbo Tax does not have Form W-2’s for any tax year., turbo Tax does not have a copy of the W-2 or Form 1099. It would have W-2 and Form 1099 worksheets that included the tax data from the forms that were entered. Can turbotax retrieve my w2? , turbo Tax W2 Finder will […]

Turbotax calculates your cap gains tax on the Qualified Dividend/Long Term Capital gains worksheet, and that calculation is accurate. However, if your income is high enough that you are subject to the Alternative Minimum Tax, you can be seeing a secondary effect. When you are subject to the AMT, you have a deduction which can […]