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I need to enter my cost of goods sold. I don't see a place to enter this in TurboTax
by Bogart Member II in Self Employed ‎03-21-2018
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If you no longer have need for a schedule C, indicate that you stopped the business in 2017 in the General Info section of your business. This will remove the schedule C and any related schedules/worksheets going forward. If you had assets for deprec... read more
by PaulaM TurboTax Specialist in Self Employed ‎03-13-2018
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Ok so if I understand correctly I was told if I make more then $400 a yr I have to file taxes still due to Social Security and Disability.If I make more the $400 but less then $3000 how can I pay Social Security Disability? I don't want to have to pa... read more
by rebeccajones Visitor I in Self Employed ‎06-07-2018
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I graduated from college in May 2017 and got a job in September! My employer signed me up for an HSA - but now I discover that I can't have an HSA because my parents are claiming me as a dependent. What do I do?
by WJMcCalpin Member II in First Time Tax Filers ‎03-21-2018
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Two questions1. My wife is self employed, can she deduct mileage to/from home and office on days she drove there to see clients? I read IRS Pub 463, and it doesn't mention self employed when it discusses commuting expenses. 2. My wife's business acco... read more
by K-M-W Visitor III in Self Employed ‎04-10-2018
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I have 3 questions:1. April 17 vs. 18 filing date & time. Because of a family emergency over the week prior to the April 17 deadline, I did not have time to work out the kinks in my taxes for my sole proprietorship business. So, I filed an extension ... read more
by Irasaco Visitor III in Self Employed ‎05-02-2018
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Hello, A couple questions regarding Section 179. Is there an expiration on the recovery period ? Example: a vehicle purchased for $6000.00 and 179 was taken in full. Full vehicle depreciation over 5 years. Would selling the vehicle year 6 result in a... read more
by TO Visitor II in Self Employed ‎03-29-2018
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There is a lot of information to learn and I'm seeing that LLCs file Form 1065 but I was thinking I'd file my business on my personal return using Schedule C. I'm completely lost at this point, on what to do next. Any insight, as I'd hate to have to ... read more
by bizworldnewbie Visitor II in Self Employed ‎03-21-2018
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Let fix it now
by Wilburnfergudon Member I in First Time Tax Filers ‎04-18-2018
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