Business Income/Loss – Schedule C
Entering A New Schedule C Editing A Schedule C Entry Deleting A Schedule C Entry Schedule C Expenses Vehicle Depreciation...
Software Features
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Schedule B – 1099 Transactions
Schedule B is used to report interest and/or dividends. Taxpayers should use Schedule B if they: Had over $1,500 in... -
Income Menu
Wages, Salaries, Tips (W-2) Interest or Dividends (Schedule B, 8815) Interest or Dividends (Less than $1500) State & Local Refunds... -
Business Use of Home – Form 8829
Form 8829 is used to calculate the allowed expenses related to the taxpayer using their home space for business purposes.... -
Form 1099-R – Distribution Due to Death of a Plan Participant
When an individual taxpayer inherits a traditional IRA from anyone other than their spouse, the taxpayer cannot treat the inherited... -
Form 1099-R – Distribution Due to Disability
When a taxpayer becomes disabled before they reach age 59-1/2, the taxpayer can receive a distribution from a traditional IRA... -
Adjustments Main Menu
Educator Expenses Business Expenses of Reservists (2106) Health Savings Account Deduction (8889) Moving Expenses for Members of Armed Forces (3903)... -
Other Miscellaneous Deductions Menu
Taxpayers generally can deduct the items listed below as miscellaneous itemized deductions. They are not subject to the 2% limit.... -
Casualty/Theft Loss – Form 4684
The treatment of a casualty on the tax return depends on the tax year in which the loss occurs, and... -
Gifts to Charity Menu
Charitable contributions are deductible only if they are made to a qualified organization. Qualified organizations include organizations that are operated...