Self Employed Group | Intuit TurboTax Community

Self employed

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Retirement contribution allocation

My question is do I just put the employee contribution amount or the the employer contribution for the question of the amount of the contribution that is attributed to my business?

Can I deduct the EXTRA cost my wife has to pay for insurance premiums to cover me on her employer plan IF I am self-employed?

I have just formed an LLC to start consulting. I lost my previous job at the end of Jan 2024 and my put me on her insurance (we had both been on my prior company's insurance until Feb 1 2024). To add me, she has to pay an additional premium per paych... read more

Net file error on CCP contributions on self employed earnings - all questions answered correctly but still have error

Answers are the same as last year but this year I have a Net file error. Facts are the same.

2023 e-filing pin

Good afternoon, I have finally completed our information!!!! but now on the Sign Your Return page it is asking for "Signature - 2023 e-filing PIN" but it won't take our IRS PIN!! I get an error message telling me there are too many digits! Please adv... read more

1099NEC

My extension was rejected. It appear it has to do with my 1099NEC. When TurboTax checks my return, it says "1099NEC form doesn't include enough info for us to know where to report the income on your return" even though I've answered all the questions... read more

Tax implication of an idle LLC

I am in the process of finding a new job. I am open to 1099 work but prefer W2.So I wanted to establish an LLC so that if paid on 1099 it’s thru my LLC.I am trying to be prepared for 1099 employment situations (hence the LLC) but am hoping for W2. Is... read more

EIDL Repayment

I received an EIDL loan. I understand that the interest is deductible as a business expense.Is the repayment of the loan principle considered aa a repayment of government unemployment benefits?

Missed file 1099-MISC

QuickBooks and TurboTax Self Employed Bundle

I have been a longtime customer of QuickBooks and TurboTax. For the last several years we have done the bundle with QuickBooks Self-Employed and TurboTax Self-Employed, and I have never had any problems. I got started on our taxes a week or so ago, b... read more

K1 and Basis of gassification - What is going on here!?!

I finally got the "check return" stage for my taxes. I keep getting errors asking me to enter the "basis of gassification" for my K1 limited partnerships. These are not oil and gas business. Other posts seem to suggests that this triggered by enterin... read more

Member of a religious order who must pay self-employment tax including Housing Allowance which is excluded from Income tax

His box one of his w-2 does not include the Housing Allowance regarding the Self-Employment tax, He must pay S/E on the Housing Allowance how to enter in the turbo tax program to reflect it being taxed for S/E. I did check the box indicating Religiou... read more

Twitch 1099-MISC does not equal what I earned from payouts

Hi! I recently filed my taxes but I'm wondering if I have to amend them for one specific area. I received a 1099-MISC from Twitch, but it did not equal the amount of money I received for the year of 2023 in payouts. I ended up reporting what I made f... read more

Starting business with large inventory - Help with Schedule C Part III

I have been collecting for 30 years and have many boxes of inventory (about $10,000). I am older and decided to start selling my inventory on Ebay and Etsy this past year to supplement my income. Trying to do the Schedule C part 3, but as a new busin... read more