Anyone use TurboTax for the business?

[clickhappy]

If so which version do you use? Do you use TurboTax home & business?

I'm using it for the first time, TurboTax Deluxe and it doesnt let me put in 1099-K info, which is what CCbill gives.
so do I have to get the TurboTax Home & Business in order to put this in?

thanks

[Verbal]

Select the Federal Taxes tab (the Personal tab in the Home & Business edition).
Select the Wages & Income subtab.
Scroll down the Wages & Income screen until you see the Other Common Income group.
Click on the Start/Update button to the right of the Income from Form 1099-K category.
Follow the prompts.

[clickhappy]

thanks but when I go tot he Form 1099-K category section it says:
"The IRS does not require you to report these payments separately from your other income. But, you do have to report all your income. Continue to go through the Wages & Income section and report your 1099-K income in the appropriate income section."

But it doesnt tell you the appropriate section, lol.
So theres a link to use the 1099-k form, but when you click it you get an explanation instead of the form.

do you put it into 1099-misc instead of 1099-k?
thanks

[Verbal]

I might have ... Sorry it's been a few months already. Perhaps this can help:
http://www.cliftonlarsonallen.com/ta...orm_1099s.aspx

My left nut for a flat tax system

[clickhappy]

thanks! 123

[L-Pink]

Originally Posted by Verbal

My left nut for a flat tax system

Intuit, the owners of Turbo Tax spend 10's of millions each year lobbying to keep our current complicated tax system.


.

[clickhappy]

I found the answer...I had to buy TurboTax Home & Business. the regular deluxe doesnt include it.
fyi I got it on amazon for $70 which is cheaper than the normal price.

[Verbal]

Originally Posted by L-Pink

Intuit, the owners of Turbo Tax spend 10's of millions each year lobbying to keep our current complicated tax system.


.

Can't say really I blame him.