About form 1099-K; Small business taxes ... The TurboTax community is the source for answers to all your ...

If you filed your taxes without Form 8962, but need to include it, don’t amend your return. Wait until the IRS sends you a notice requesting the form. If you received a notice from the IRS requesting Form 8962, you’ll have to add a Form 1095-A to your return in TurboTax, print Form 8962, and mail it to the IRS.

Open TurboTax and continue your return. Select Search Topics. Search for and select K-1. On the Schedules K-1 and Schedule Q screen, select Yes. Select Start next to the type of Schedule K-1 form you have, and enter your information.

2024年4月1日 · If your gift exceeds the yearly limit ($17,000 per individual) imposed by the gift tax rules, then you will need to complete a Form 709 gift tax form and send it to the IRS, although it is very unlikely that you will owe any tax. In 2024 that yearly limit will increase to $18,000. TurboTax does not support Form 709.

Although TurboTax doesn't support IRS Form 1040-NR (U.S. Nonresident Alien Income Tax Return), we have partnered with Sprintax to offer both federal and state tax preparation for international students, scholars, and nonresident foreign professionals. Please visit the TurboTax/Sprintax site for more info.

To see when Form 1116 will become available in TurboTax, check form availability on this page. Both the credit and the deduction are entered in the same place. Here's what you do: Open or continue your return. Enter all your foreign income in the Wages & Income section if you haven't already; Navigate to the foreign tax credit section:

Which product or service you use will depend on whether you need to file an income tax return for an estate (Form 1041), or an estate tax return (Form 706). TurboTax Desktop for Business handles Form 1041 and will also generate the K-1 schedules and figure out how much net income is allocated to the estate's heirs.

You do not need to file Form 8862 in the year the credit was disallowed or reduced. Here's how to file Form 8862 in TurboTax. Open or continue your return. Navigate to Form 8862: TurboTax Online/Mobile: Go to Form 8862. TurboTax Desktop: Search for Form 8862 and select the Jump to link. You'll come to the Earned Income Credit section. Select ...

Once you sell the shares, the brokerage firm that handles your ESPP should send you Form 1099-B, which reports the sale. If the cost basis in box 1e is wrong, here's where you can use your 3922. Here's how to enter your 1099-B in TurboTax: Open or continue your return. Navigate to the 1099-B section: TurboTax Online/Mobile: Go to Form 1099-B.

You don't need to enter information from your Form 5498 (IRA Contribution Information) into TurboTax like you do with a W-2 or 1099s. In most cases, you'll find the info needed for your return on other paperwork, such as a year-end summary statement or a Form 1099-R.