Torrents turbotax 2015 home and business

#Torrents turbotax 2015 home and business series#

Related: 10 Personal Expenses That Are Also Business Write-Offs It also walks you through the most common business deductions,as well as some more obscure write-offs. It takes you through all of the most common business income sources, including 1099-MISC forms and miscellaneous business income. This step by step setup is just as thorough for the business portion of TurboTax. (Though you should certainly double check that the imported numbers match those on your copy of your W-2!) (Not surprising, as two are quite small and all three are non-profits!)Д«ut this could be an excellent time-saving device if it does work for you. It didn't work for me, as apparently none of Ben's employers participated in the program. TurboTax apparently has this new feature where they can import your W-2 information automatically. For instance, when I choose my husband's name for a W-2, TurboTax automatically puts his Social Security number and other information where it needs to go in our tax forms - so I don't have to type it over and over again.

It seems like a ton of unnecessary questions, but TurboTax actually uses your answers to fill in the blanks.

#Torrents turbotax 2015 home and business series#

This series of images shows how TurboTax takes you through the process of putting in a new W-2. It'll also have you fill in the blanks on more basic questions, like this: This is just a random screenshot of one of the many questions about obscure tax-related issues that TurboTax asks. (You can see this on the first screenshot below, though I've blurred out the figures since this is my actual tax return!) Step by stepДЄnother excellent thing about TurboTax is that it takes you through every possible piece of income and deduction step by step, like this: (Or, if you're going to owe money like me, depressing.) The top left hand of the screen keeps a running total of how much you'll owe or get back from both your federal and state taxes. And I've never had a problem with the software's calculations - at least not one that threw up a red flag with the IRS.ДЄlso, TurboTax does the math as you go, which is kind of fun. TurboTax is kind enough to do the math for me, too. Seriously, when my husband and I play strategy games, I make him add up my points because I suck at doing math in my head. And as an English major, I hate doing math. So let's look at TurboTax's 2014 version of its software, as I used it to prepare my taxes for the year: The Good Doing the math Other than my first year of freelancing, when the thought of a Schedule C put me in a panic, I've used TurboTax since I've been in business for myself. But as a writer - with very few business expenses - my taxes aren't complicated enough that I feel the need to hire a tax preparer. This content has not been provided by, reviewed, approved or endorsed by any advertiser, unless otherwise noted below.ДЄs a freelancer, taxes are more complicated for me than your average Joe. We may, however, receive compensation from the issuers of some products mentioned in this article. You can trust the integrity of our balanced, independent financial advice.