If a taxpayer receives a Form 1099-K for selling personal use items, those sales must generally be disclosed on Form 1040. This tutorial reviews a Form 1099-K scenario and how to enter information into TurboTax.
Schedule C is included with a Form 1040 when the individual runs a sole proprietorship. This article covers an example Schedule C for an E-commerce business. The taxpayer prepares his income tax return in TurboTax for the 2022 tax year.
Generally, every U.S. person must file an individual income tax return (Form 1040) when their gross income exceeds the relevant thresholds for the year. This tutorial covers how to prepare a basic Form 1040 in TurboTax for 2022.
